• Sold
New 10 Yr Lease To Vodafone w/ Development Upside
New 10 Yr Lease To Vodafone w/ Development Upside
New 10 Yr Lease To Vodafone w/ Development Upside
New 10 Yr Lease To Vodafone w/ Development Upside
New 10 Yr Lease To Vodafone w/ Development Upside
New 10 Yr Lease To Vodafone w/ Development Upside
New 10 Yr Lease To Vodafone w/ Development Upside
New 10 Yr Lease To Vodafone w/ Development Upside
New 10 Yr Lease To Vodafone w/ Development Upside
New 10 Yr Lease To Vodafone w/ Development Upside

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

Property Details

  • 26/03/2020
  • Contact our experts for details on this transaction