Kihini
TENANTED INVESTMENT
Corner site, industrial investment spread across multiple titles to a tenant in business for over 35 years who has just signed a new 6-year lease.
- Returning $682,210 net p.a in total
- 3,649m² NLA
- 4,998m² land holding
- Main tenant just signed a new 6-year lease
- Held in multiple titles
Tile Warehouse, who have been in business for 35+ years, occupy Buildings B&C and are the main tenant. They have just signed a new 6yr lease from 1/10/24 and are paying $607,210 net p.a with fixed annual increases and regular market reviews built into the lease.
Building A is occupied by GT Autosource with their current lease running until 30 June 2027 and pay $75,000 net p.a.
Benefiting from access via three roads (Church St, Henderson Pl & Furley St) this impressive facility is underpinned by 4,998m² of Light Industry zoned land. Buyers are also afforded the added flexibility of the property being held in three separate titles, a real drawcard long term.
Contact the sole agents for more information!
Features:
* 3,649m² net lettable area
* 4,998m² land area
* Held in multiple titles
* Returning $682,210 net p.a
* Corner site on main arterial
* Sought after Onehunga/Penrose location
* Light Industry zoning