New Six Year Lease with Rental Growth

5/197 Montgomerie Road, Mangere, Manukau City, Auckland

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This recently refurbished industrial building is located in the heart of the fast expanding Airport Commercial area with profile to Montgomerie Road. Occupying a corner position within a popular complex that is fully fenced and secure with drive around truck access.

As an investment it provides a new six year lease to a well-established Tenant returning $135,000 net p.a. The lease has a favourable rent review mechanism with CPI and Market Reviews alternating annually, making this an outstanding passive investment for any Investor.

The property has a total area of 766sqm and provides 23 carparks. Recent renovations have been extensive and the building has a 100% IEP rating.