- For Sale
For SaleDeadline Private Treaty 7th Apr 2021 4pm (Unless sold prior)
A partnership between Auckland Council and NZ owned and operated Ecogas Ltd has brought an opportunity for investors to purchase a fully modernised industrial facility with a 20-year leaseback in place.
The standalone property is set to be fully renovated and will undergo significant capital investment to ensure Ecogas can deliver a world class food waste treatment plant after being awarded Auckland Council’s 20-year kerbside food waste processing contract.
Ecogas offer an excellent tenant covenant with the added incentive of a triple net lease meaning all maintenance and outgoings are paid by the tenant. Returning $293,500 net pa + GST with annual rent increases and a 12-month bank guarantee in place.
The freehold site has a total land area of 4,810m² which is a functional rectangle shape. The building is located on the eastern boundary on the middle of the site providing generous rear and side yard with parking at the front of the site. The total building area of 1,462m² is 30% of the total land area, providing owners with an undercapitalised site. The breakdown of 1,394m² warehouse and 68sqm single level office provides a functional building.
Hunua Road is considered Papakura’s main industrial arterial and this address is exceptional at just 2.5km from Papakura township and 3km to SH1.
This building will benefit from Aucklands continued shift south which has seen significant infrastructure investment in the area along with a rapidly growing population. This has seen several significant new developments nearby including the 300ha Drury South which has new residential, commercial and industrial precincts.
Full details are provided in the Colliers dataroom.
For those who have been granted access to Data Room to this listing, please click here to view the Data Room Documents.
Ref #: 20655132