Unit 7 M-Space: Fully Leased Multi-Use Industrial Unit For Sale

26 Glenda Drive, Frankton, Queenstown

Industrial / Office / Showroom / Warehouse For Sale

For Sale    Tenanted Investment
Floor Area: 162.00 m2.    
Sale Price: $899,000.


Unit 7 comprises ground floor warehouse space with first floor office within the recently completed M-Space development strategically positioned at 26 Glenda Drive.

The unit contains 84m² of warehouse and 78m² of office space with two allocated car parks. The ground floor is leased to Aotea Securities (NZ) Limited on a new 5-year term commencing October 2018 for $26,500 (including a fit out rental of $1,500) p.a. + Opex & GST, having 2% annual increases and 2 Rights of Renewal of 5 years each.

The first floor is leased to ReGen Cellular on a new 3-year term commencing January 2019 for $30,000 (including a fit out rental of $5,000) p.a. + Opex & GST, having 3% annual increases and a Right of Renewal of 3 years.

26 Glenda Drive is a high-profile site situated adjacent to the Mitre 10 Mega and PacknSave super stores within the Shotover Park development.

The development is strategically located off the main highway into Queenstown (State Highway 6). Accessed via a large roundabout connecting to a new Eastern Access Road (Hawthorn Drive) which links to an extension of Glenda Drive. This extension goes around the airport runway, to provide a connection to the Remarkables Park Zone, Town Centre and recently opened High School.

For Sale at an Asking Price of $899,000 + GST (if any).

Contact Tim or Rory for more information.

To view the information memorandum please click here.


  • Brand New Building
  • Good Tenant Mix
  • Varying Terms Spreading Investor Risk
  • Built-in Annual Rental Growth
  • Central Location

Sale Areas

Area Size
Ground Floor 84m²
First floor 78m²
Car Parks x 2


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