• Entrenched A-grade national tenant - BNT Automotive
• Returning $392,110.95pa + GST and OPEX
• Functional high stud warehouse and modern office
• Lease renewal in 2029 with final expiry in 2039
Located minutes from Lambie Drive motorway off-ramp, this road frontage standalone investment is not one to be missed if you are looking for a well presented industrial property with a long-term lease to a blue-chip tenant.
The modern property totals 2,158sqm of building area excluding the canopy and balcony, and comprises high stud warehousing, and office to the front of the property.
Occupied by Brake & Transmission NZ Limited (trading as BNT Automotive) since 2019, this well-known occupier has five years left on an initial ten year term with rights of renewals until 2039. Fixed annual increases allow purchasers confidence in rental growth throughout the term.
This is a great opportunity for investors looking to capitalise on a tightly held industrial precinct and secure a passive bottom drawer investment.
Contact the agents below for more information:
Greg Hall
021 023 21884
Karl Price
021 552 503