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Attention Owner Occupiers and astute value-add investors, secure this prime piece of industrial real estate in a sought after, central Auckland hotspot!
A scheme plan has been lodged and is currently in for consent, offering the incoming owner *3,321sqm of heavy industry zoned land with a dual tenancy 1,885sqm industrial building built in 1996. Approximately half the building is leased, returning $160,000 net p.a with the other, better presented tenancy, available to occupy from 1 March 2024. Occupy half of the building and enjoy rental income from the neighbouring tenant whilst also providing your business with expansion ability through the removal of the inter-tenancy wall in the future. Likewise, secure a new tenant on favourable terms and reap the rewards of a split-risk investment.
The warehouse areas benefit from a great stud height and are clear-span with access permitted via multiple roller doors both at the front and rear of the premises. Each tenancy opens out onto a yard area (not included in the the sale) that has a long term beneficial lease in place for any future occupier or investor.
16 Tui Street (vacant from 1 March) comprises of;
Warehouse (672sqm)
Office/Amen (224sqm)
18 Tui Street (returning $160,000 net pa) comprises of;
Warehouse (674sqm)
Office/Amen (257sqm)
Mezzanine (57sqm)
This road front premises benefits from approximately 50m of road frontage sitting in the heart of Otahuhu/Favona. Access to both motorway networks is with ease and it's central position within Auckland's wider context is always a massive drawcard. Vacancy is sitting at historic lows in this area and generic tenancies such as these are always in high demand. Zoned Heavy industry adds to the overall appeal given the relatively scarce availability of assets in this zoning classification.
Contact the sole agents for further information and to arrange an inspection today!
*Subdivision scheme plan has been lodged and in with council for consent. Boundary lines are approximate.
Features:
* Opportunity for owner-occupiers and investors
* Freehold site comprising 3,321m² (subject to title adjustment)
* Occupy half with income from the other
* Two access points off Tui Street
* Heavy Industry zoning