Colliers is pleased to present 287B & 287C West Coast Road to market, comprising two fee simple industrial investment properties with four- and five-year leases, respectively, both including strong fixed rental growth.
These properties feature exclusive road frontage access and each sit on a freehold, fee simple title. Both buildings have received a full refurbishment, including a new security system, a refurbished roof carrying a 10-year warranty, new LED lighting throughout, a new roller door motor, fresh interior and exterior paint, and new toilet and bathroom facilities.
287B offers a total building area of 230m² and 83m2 of exclusive yard area. It boasts a new four-year lease to an established coffee roastery, returning $46,000 p.a net with strong fixed rental growth, plus a rental guarantee for landlord security and peace of mind.
287C offers a total building area of 204m2 and 83m2 of exclusive yard area, similarly boasting a strong new five-year lease returning $42,750 with all the bells and whistles - fixed rental growth, rental guarantee etc.
Affordable price point, fee simple tenure and strong yield don’t often all coincide, except for this opportunity so contact our West Auckland experts today!
Features:
* Favourable road frontage
* Fee simple titles
* Add-value opportunity