Colliers International are proud to exclusively market for sale, 13 Tait Place, Albany.
Sitting on an 1,631 sqm freehold title, in one of North Shore’s prime industrial locations, this standout investment will appeal to the astute investor looking for a functional industrial investment on a long lease term with low site coverage.
Returning $135,000 pa net, on a brand new 7 year term, the lease provides built in annual growth with market review’s throughout.
The 729sqm standalone premises, along with approx 300 sqm of yard, has been occupied by longstanding tenant, Hosking Trailers, since 1997.
The functional building has 4 roller doors, a high warehouse ratio, & has been designed to accommodate multiple tenants in the future.
Established in 1972, Hosking Trailers is a family owned and operated Boat Trailer business, and are one of the most experienced and reputable boat trailer manufacturers in New Zealand.
The investment benefits from low site coverage, allowing for potential add value at a later date. This truly is a bottom drawer investment that ticks every box!!
Don’t delay, call the sole agents for further detail or a site inspection.
Ref #: 20660041
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