Colliers International, as sole marketing agent is pleased to present 41 Waterloo Road, Hornby.
This property presents a very rare opportunity to market, providing an investment underpinned by a new 10 year lease to Vodafone New Zealand Limited and provides a surplus site of circa 3,000m² providing significant development upside.
The offering consists of a medium sized industrial property situated in a rear position to the southern side of Waterloo Road within the established and desirable Hornby industrial precinct, a sought after position for industrial occupiers.
The building provides a small specialised industrial building purpose built for data storage. Constructed in 2013 and meets 100% of the current building standards and is leased on a new leaseback to Vodafone New Zealand for a term of 10 years with two further rights of 10 years each and is further underpinned by fixed annual increases.
The balance of the property comprises a vacant rear site totaling circa 3,000m² excluding the common accessway – ripe for either redevelopment or subdivision, options aplenty.
Encourage early engagement with the sole listing agents as detailed below.
Ref #: 217410
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