If a high yielding industrial property with a substantial national tenant in a tightly held location is what you are after, then do not look any further!
7 Armstrong Rd presents an exceptional investment opportunity, featuring a longstanding national tenant, in the sought after North Harbour industrial estate.
Currently returning $556,569 pa net, the site is occupied by Bidfood Ltd who are considered an essential business, operating out of 30 locations and employing over 2,200 people nationally. They are midway through an 8 year, ‘triple net’ lease term offering annual rental growth, which is renewable in September 2024.
Bidfood Ltd are a wholly owned subsidiary of parent company Bidcorp, an international broad-line foodservice group, listed on the JSE, (South Africa) and present across five continents.
The property is a well-positioned industrial facility, sitting on a 6,177 sqm freehold site with dual street access, allowing trucks to pass through from Bush Rd to Armstrong Rd.
The 2,690 sqm standalone building features a large 635 sqm canopy, dry good’s store, high stud freezer and minimal office, along with 20 carparks. Constructed in the mid 90's, with a further addition of a high stud (9.7m) warehouse / dry store in 2006, the building is tidy and is a mixture of concrete tilt panel and Bondor insulation panel along with a coloursteel roof.
Call the sole agents now to register your interest.
Matt Prentice 021 464 904 | Shoneet Chand 021 400 765 | Paul Jarvie 021 337 419
Ref #: 20532259