An opportunity for investors and industrial owner occupiers……Deceased estate, high warehouse to office ratio, sought after industrial building, approx. 5 months guaranteed rental income.
This 940sqm industrial building is currently tenanted to Electrix Limited, with lease expiring on 30 June 2022. Currently returning $125,000 pa net. The rent has not been reviewed since 2016. The building comprises of approx. 744sqm clear span warehouse, with a single roller door (potential to add a second roller door), modern office on 2 levels of approx. 196sqm. Generous carparking allows for an area to be used for future container hardstand, and car parking as required.
Vacancy levels in Albany remain at an all-time low. High demand for medium sized building with high warehouse ratio, will always be sought after.
Medium sized industrial assets are a rarity in the Auckland region.
Call the Sole Agents to view this “must see” bankable asset today!
Ryan de Zwart on +64 21 575 001
Matt Prentice +64 21 464 904
Ref #: 20842203
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