- For Sale
For SaleDeadline Private Treaty 4th Nov 2021 16:00:00 (Unless sold prior)
Colliers International as Joint Sole agents are proud to market for sale, 40 Honan Place, Avondale – A prime standalone industrial investment, located in Avondale, one of West Auckland’s most prestigious industrial areas.
The building is tenanted to Food Chain Limited on a 9 year lease from October 2018. This “Essential Business” is well entrenched in the building and have completed a significant fit out to meet their needs.
Currently returning $385,200 pa net - The well structured lease provides good future rental upside.
The investment is well located on Honan Place, just off Rosebank Road & sits on a 4,572 sqm regular shaped freehold title.
Astute investors will appreciate the high warehouse ratio within the 2,882 sqm premises, along with ample onsite car parking and fantastic yard area.
Rarely do standalone industrial investments of this nature come to the open market – this is your chance to purchase a well located, hands-free investment occupied by a committed essential tenant.
Call the Joint Sole Agents to further information. Site inspections by appointment only.
Jack Tuson 027 448 1148 Matt Prentice 021 464 904 Dhiru Patel 021 340 780
Ref #: 20814833