• Sold
Modern Commercial Investment
Modern Commercial Investment
Modern Commercial Investment
Modern Commercial Investment
Modern Commercial Investment
Modern Commercial Investment
Modern Commercial Investment
Modern Commercial Investment
Modern Commercial Investment

Modern high stud warehouse and showroom with car parks on the popular light industrial strip of Hurlstone Drive, Waiwhakaiho.

The property was constructed less than 20 years ago and features tilt slab panels to a stud height of 6 metres and roller door entry. A large showroom is flanked by two levels of offices. 

The property has a northern aspect with canopy over the entrance and 12 car parks. The driveway provides access out to Cody Place. 

Currently leased until June 2022 with a net return of $88,000 (unchanged since 2006). The tenant has vacated and is trying to sublease which makes this property suitable to both investors and owner occupiers. 

Situated in the established industrial strip of Hurlstone Drive, Waiwhakaiho. Characterised by quality medium scale industrial buildings with good tenants benefitting from access to the State Highway and proximity to the CBD and Bell Block.

Lease Expiry: 30 June 2022

Net Income: $88,000 p.a.

Council Rates: $5,421 

Insurance: $5,778 

Rateable Value: $1,150,000 (effective 1 September 2019)



Ref #: 20519453

Property Details

  • 23/10/2020
  • Contact our experts for details on this transaction.