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  • Sold
SOLD - Bargain Investment! Long Lease, National Tenant - #1
SOLD - Bargain Investment! Long Lease, National Tenant - #2
SOLD - Bargain Investment! Long Lease, National Tenant - #3
SOLD - Bargain Investment! Long Lease, National Tenant - #4
SOLD - Bargain Investment! Long Lease, National Tenant - #5
SOLD - Bargain Investment! Long Lease, National Tenant - #6
SOLD - Bargain Investment! Long Lease, National Tenant - #7
SOLD - Bargain Investment! Long Lease, National Tenant - #8
SOLD - Bargain Investment! Long Lease, National Tenant - #9
SOLD - Bargain Investment! Long Lease, National Tenant - #10
SOLD - Bargain Investment! Long Lease, National Tenant - #11
SOLD - Bargain Investment! Long Lease, National Tenant - #12
SOLD - Bargain Investment! Long Lease, National Tenant - #13
SOLD - Bargain Investment! Long Lease, National Tenant - #14
SOLD - Bargain Investment! Long Lease, National Tenant - #15
SOLD - Bargain Investment! Long Lease, National Tenant - #16
SOLD - Bargain Investment! Long Lease, National Tenant - #17
SOLD - Bargain Investment! Long Lease, National Tenant - #18
SOLD - Bargain Investment! Long Lease, National Tenant - #19
SOLD - Bargain Investment! Long Lease, National Tenant - #20
SOLD - Bargain Investment! Long Lease, National Tenant - #21
SOLD - Bargain Investment! Long Lease, National Tenant - #22
SOLD - Bargain Investment! Long Lease, National Tenant - #23
SOLD - Bargain Investment! Long Lease, National Tenant - #24
SOLD - Bargain Investment! Long Lease, National Tenant - #25
SOLD - Bargain Investment! Long Lease, National Tenant - #26
SOLD - Bargain Investment! Long Lease, National Tenant - #27
SOLD - Bargain Investment! Long Lease, National Tenant - #28
SOLD - Bargain Investment! Long Lease, National Tenant - #29
SOLD - Bargain Investment! Long Lease, National Tenant - #30
SOLD - Bargain Investment! Long Lease, National Tenant - #31

SOLD PRE-AUCTION

This high quality investment is leased to well-known New Zealand wide Bargain Chemist. The investment fundamentals of this industrial asset tick all the boxes: long term lease, excellent tenant covenant, fixed rental growth and a quality, functional industrial building. The property has strong lease terms with almost eight years to run on the initial lease term. The lease also has further rights of renewal with a final expiry in 2041.

Bargain Chemist isa household name within NZ and currently pay a net passing rental of $329,672 + GST + OPEX. The tenant has a tidy operation, with the site being home to its head office, and distribution centre. The building configuration consists of quality ground floor offices/ boardroom facilities, modern staff amenities and lunch room. The first floor offices are very well appointed with air conditioning systems throughout and offer a high standard of office accommodation.

The warehouse is impressive in size and is maintained to a very tidy standard. The warehouse has multiple roller doors and easy access. The site has the benefit of a secure lockable yard  for container storage or unloading. Furthermore, the site has an abundance of staff and visitor car parks.

This property should be considered by all astute investors looking for a high calibre industrial investment.  

Call the sole agents to arrange a site visit or to access the property files.

Sold prior to auction. 

*Boundary lines are indicative only.

  • 26/02/2024
  • Contact our experts for details on this transaction