FOR SALE BY DEADLINE PRIVATE TREATY offers closing 4pm Thursday 5th December 2019 (unless sold prior)
This is the perfect investment for those seeking an investment that ticks all the boxes and has additional upside due to the property being zoned 'mixed use'.
- Returning $73,800 net p.a. plus gst (confirmed increase to $75,000 net p.a. + gst in May 2020)
- 3.5years on the current lease term with another 3 year right of renewal after that
- 489m² net lettable area
- 589m² freehold title
- Mixed use zoning under the Unitary Plan permiting a 21m building height
- 80% of NBS
Returning $73,800 net p.a and with a fixed increase up to $75,000 net p.a in May 2020, with 3.5 years remaining on the lease with an additional 3 year renewal after that, taking final expiry to 25 May 2026. The building is well-presented and features 370m² of warehouse accessible via single roller door. The 119m² of offices/amenities are spread over two levels and include a kitchen and two toilets.The tenant's clean and tidy use is yet another attractive quality of this offering.
This site would be ideal for re-development in the future with the zoning (mixed use) allowing for developments of both a commercial and residential nature and which permits multi storey buildings (21m building height). Literally a stones throw from Onehunga Mall and the town centre, this property is easily accessible to the major motorway networks and very well serviced by nearby amenity and public transport. Onehunga has long been a sought after location by both industrial and residential occupiers.
Viewings are strictly by appointment only. Contact the sole agents
Ben Cockram - 021 245 5855
Jeremy Barnett - 021 500 972
Ref #: 216153
- Contact our experts for details on this transaction