Colliers International is proud to exclusively offer to the market for sale, 147 McLeod Road, Te Atatu, Auckland.
147 McLeod Road represents a standalone, long term tenanted investment in the popular & growing West Auckland market. The functional building features a high stud double bay warehouse, with multiple roller doors & minimal office area, along with front & rear yards + carparking. The property commands a prominent road front position & is located within close proximity to State highway 16.
The fee simple property comprises a regular shaped site located along the southern side of McLeod Road and offers a total area of approximately 3,290m². Boundaries are demarcated by the road (along the northern border), residential property to the west, and similar industrial activity to the east and south.
A 6 year lease, returning $193,750 pa net was signed in 2018, plus a right of renewal. Astute investors will appreciate the 2.5% fixed annual rent growth, along with a Bank guarantee. The secure tenant is a New Zealand owned and operated glass wholesaler who produces fully certified safety glazing materials for all types of applications.
Whether you are a first time investor, or looking to add to an existing portfolio, 147 Mcleod Rd is a property that ticks all the boxes. For further information or a site visit, call the Sole Agents now.
This property is being sold by way of Deadline Private Treaty (unless sold prior), closing 4pm Tuesday, 14 May 2019. All offers are to be lodged at the offices of Colliers International West Auckland, Level 1, Maki Street, Northwest Shopping Centre, Auckland or via email.
Ref #: 212897