This modern A-grade industrial investment, situated in the heart of Auckland Airport’s industrial precinct ticks every box. On offer is a recently renewed 6-year lease to a well-established and entrenched tenant, who have themselves, invested significantly into the building as part of their operations. Currently returning $295,000 net p.a. + GST the lease also features fixed annual rental growth along with mid-term and renewal market rent reviews.
Originally built in 2006, this road front premises comprises of full height concrete tilt slab walls and has a stud height of some 10m. Access to the clear-span warehouse is via two roller doors and a large canopy is also included. Split over two levels, the well-appointed office/amenities provide a more than comfortable work environment for staff and customers. Ample carparking is supplied, with a mixture of covered and uncovered spaces.
Vacancy in the Airport industrial precinct remains historically low and is always a very sought after location amongst national and international businesses. As well as the Airport, proximity to the CBD, Wiri Inland Port and large nearby labour catchments are contributing factors to why this location is both tightly held and highly coveted among investors and occupiers.
This is the ultimate passive industrial investment - sit back and reap the benefits of a fundamentally sound investment that will stand the test of time. Call the sole agents to arrange a viewing (strictly by appointment only) and for all due diligence information.
*Gantry crane, associated railings and columns are tenant owned fit-out.
Features:
* 1,389m² total building area
* Built in 2006 with modern construction
* Recently renewed 6-year lease in place from 1 June 2024
* Entrenched Tenant - returning $295,000 net p.a. + GST
* Favourable rent review structure
* Prime industrial location at Auckland Airport