Pole Position in Silverdale - New 6 year lease

82 Foundry Road, Silverdale, Auckland

Industrial / Investment For Sale

For Sale by Deadline Private Treaty closing at 4pm 10 Aug 2017 (Unless sold prior)    Tenanted Investment
Land Area: 5,043.00 m2.    Floor Area: 508.00 m2.    

Description

A rare opportunity to purchase an industrial investment with future development potential. Located in the tightly held Silverdale Industrial Estate the 5,043 sqm (more or less) site features relatively level contour and is of regular shape.    

The tenant Pole Specialists Limited are an established New Zealand business with over 40 years’ experience in pole foundations, slip repairs, retaining, landscaping and structures. Pole Specialists Limited have entered into a new 6 + 6 year lease from 1 July 2017 with structured annual rent reviews. The property currently returns a total net rental of $205,000 per annum. 

Silverdale provides great future value. With next to no industrial land available in North Auckland astute investors will recognise the opportunity to purchase a large land holding with substantial return and a huge future development potential. 

Viewings strictly by appointment. Phone the sole agents at Colliers International to request a copy of the Information Memorandum. 

Sam Sherning on 021 359 100 or Matt Prentice 021 464 904.

Features

  • New 6 year lease to established tenant
  • Returning $205,000 pa net + GST
  • Freehold title of 5,043 sqm (more or less)
  • 508 sqm of office / warehouse / amenities
  • Future development opportunity
  • Established industrial location
  • Long term established tenant
  • Seismic rating > 100% NBS, Grade A+

Map

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