Tilt slab, steel portal, multi unit industrial building on an elevated section with heavy vehicle drive around access returning $360,000 per annum (increasing to circa $400,000 by the end of the year). This industrial investment is one of the best the Whangarei market has seen for sometime.
With over 2,700 sqm of warehouse retrospectively split into four distinct north facing units, each with roller and personnel doors providing access to a concrete forecourt and customer parking. A concrete right of way provides drive around heavy vehicle access with separate ingress and egress points. The complex includes 39 carparks.
The front unit, tenanted by Post Haste and NZ Couriers, has just over 150 sqm of air conditioned office space, with a further 150 sqm of carpeted and lined mezzanine/office area. A canopy providing undercover loading/unloading completes this useful logistics depot, which has recently increased its occupation through to the third unit.
A local manufacturer occupies the rear unit for storage.
Ideally located, less than 500 m from State Highway 1 in an established industrial hub.
Investment Highlights
- returning $360,000 per annum
- CPI rent review due December 2024 - expected rental over $400,000pa
- WALT just over 2 years
- Built in 2006
- 2,733 sqm of high stud warehouse
- Tilt slab, steel portal construction
- Heavy vehicle drive around access
- Concreted yard & access
Contact Megan or John today to discuss this excellent investment opportunity.