9/5 Polaris Place, East Tamaki presents a well-presented industrial investment positioned within one of South Auckland’s most established industrial precincts. The property comprises approximately 420m² of functional industrial space, complemented by nine allocated car parks and an exclusive-use yard, offering practical access and strong tenant appeal.
The property is leased to Rapid Property Group Limited on a new four-year lease, returning $100,000 + GST net per annum, with 3% fixed annual rental growth and a market rent review at renewal. This provides investors with secure income and built-in rental growth from day one.
The current vendor has recently completed over $500,000 in capital upgrades, significantly enhancing the asset’s presentation and long-term durability. Improvements include a newly concreted yard, refurbished office areas, replacement exterior cladding, new glass balustrading, and secure perimeter fencing.
This is a well-positioned opportunity to secure a modernised industrial unit with strong tenant covenant and structured rental growth in a highly sought-after East Tamaki location.
Asking Price $1,550,000 + GST (if any) or at a 6.5% yield (more or less)
Key features
– Net income of $100,000 + GST per annum with fixed 3% annual growth
– New four-year lease to Rapid Property Group Limited
– Refurbished industrial unit with recent capital upgrades
– Exclusive-use yard and nine allocated car parks
– Prime East Tamaki industrial location
East Tamaki is one of Auckland’s premier industrial locations, positioned within the established Highbrook–East Tamaki industrial precinct. The area is home to a wide range of national and international occupiers and benefits from excellent connectivity to State Highway 1 and key arterial routes including Highbrook Drive and Ti Rakau Drive. Its strategic position between Auckland’s southern industrial corridor and the eastern suburbs makes it a highly desirable location for logistics, manufacturing, and trade-based businesses.
For further information or to arrange an inspection, please contact the agents below:
Elias Finlay
021 286 5258
elias@jamesgroup.co.nz
Harry Rowell
021 220 0883
harry@jamesgroup.co.nz
