Wairau Industrial - 8 year lease - Asking $5.3 million

18 Poland Road, Wairau Valley, Auckland

Industrial / Investment / Warehouse For Sale

For Sale    Tenanted Investment
Land Area: 3,811.00 m2.    Floor Area: 2,773.00 m2.    
Sale Price: $5,300,000.00.

Description

Astute investors will see the upside of this standalone freehold industrial investment, sitting on a prominent road front position, on Poland Road.

This 3,811 sqm site features a 2,773 sqm industrial building currently returning  $290,000  pa on an eight year lease to Fresco Shades NZ Ltd with future rental growth in place.

Boasting generous car parking and situated close to both Bunnings and Mitre 10, this property use may be very different in the future.

This versatile building splits well and has two further tenants sharing the building with Fresco Shades NZ on a sub-lease basis.

Call the sole agents today to discuss the opportunity or request a viewing.

Matt Prentice 021 464 904 or Jimmy O'Brien 021 979 001

Features

  • Large Standalone industrial
  • 8 year lease term
  • 3,811 sqm freehold site
  • Lettable area of 2,773 sqm
  • Established tenant
  • Generous parking
  • Future potential
  • returning $290,000 pa

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