FOR SALE BY AUCTION 11:00am Wednesday 14th April 2021 (Unless sold prior)
A-grade investment located on the doorstep of Highbrook, one of Auckland's most sought after and popular industrial locations. Currently returning $159,000 net p.a to two well established tenants, this split-risk investment offers incoming investors with plenty of potential rental upside in the future whilst acquiring a building that has all the fundamentals.
- Returning $159,000 net p.a to two tenants
- 1,191sqm NLA
- 2,015sqm freehold title
- Potential future rental upside (the property is under-rented)
- Sought after property fundamentals
The warehouse is high stud and clear-span featuring two roller doors, currently split in two - allowing for a dual tenancy. The ground floor showroom presents incredibly well and the first floor office/amenities are in great condition. The property benefits from a generous sealed and secure yard allowing for dropping of multiple containers at a time and significant outdoor storage and parking.
Ross Reid Place is situated in the heart of East Tamaki - literally on Highbrook's door step. It is a quiet cul-de-sac - ideal for truck movements and deliveries and runs just off Allen’s Road which feeds onto Highbrook Drive. Nearby amenity is in abundance through Botany Town Centre and regular bus routes are just up the road. East Tamaki is one of Auckland's most established industrial precincts with consistently low vacancy.
The back portion on the warehouse is leased on a month x month opening doors to numerous opportunities. This is an a-grade investment which ticks all the boxes – contact the sole agents now for further information.
Paul Higgins – 021 549 226
Ben Cockram – 021 245 5855
Josh Franklin – 021 990 714
Ref #: 20663165
- Contact our experts for details on this transaction.