This is a exceptionally located industrial investment within close proximity to New Zealand largest export port boasting a large freehold site with wide street frontage as well as a versatile drive through building.
This extremely tightly held industrial area has almost no vacancy and is in huge demand to tenants and owner occupiers.
The national tenant has a lease with final expiry in 2028 offering guaranteed rental growth two yearly. At expiry or sooner the options are to either re-lease the property at much higher market rents, occupy or develop further buildings on the site to maximise returns.
Standalone industrial investments of this nature rarely come available. They are in high demand due to the scarcity of land close to the port and the assured capital growth through increased rental rates this investment will have over time.
Ref #: 20833860
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