You’ve been waiting for so long for the right industrial investment property to come along…., and here it is!
This is your opportunity to become the owner of a well presented Kea built industrial building in the heart of the Albany business district, on Auckland’s North Shore. An established Tenant of 9 years, has just renewed for a further 3 years, with a further right of renewal for 3 years. Annual rent returning an average of $112,667 + GST + opex for the first 3 years, (then upon renewal), further annual rental increases are agreed as CPI + 1% .
This modern and functional building has a total lettable area of 674sqm. A sought after balance of warehouse and office area. Warehouse stud height from 6.8m – 7.8m, allows for significant pallet racking or other high stud uses as is commonly required, and the office partly partitioned with glass walls. This building is suitable for a wide range of business uses.
Investments of this quality are a rare find, so don’t miss out. Call the Sole agents now to receive further information, or view this A+ industrial building.
Ref #: 20783221
- Contact our experts for details on this transaction.