Now available for purchase, is this multi-unit industrial investment with a combined 718sqm of floor area, on a 2,000m² freehold site that offers four tenancies in a well-configured layout. Units 1 and 2 are currently vacant but would generate a combined income of circa $60,000 ++, each with offices and warehouse space. Unit 3 is leased on a three-year term for $26,293 ++, and Unit 4 is returning $45,000 net p.a. ++ on a similar term. CPI-linked rent reviews and rights of renewal are in place across the fixed leases, providing solid holding income with future rental uplift and development potential.
This is a rare opportunity to secure a tidy block of income-producing units with genuine add-value upside in a well-established industrial pocket of Papakura.
Key Features:
– Four industrial units across a 2,000m² fully secure freehold site
– Total net passing income $131,293 p.a. + GST
– Units 1 & 2 currently vacant
– Units 3 & 4 combined 386.99sqm on three-year lease with CPI increases & RoRs
– Excellent Split-Risk Add-value investment opportunity
Papakura is increasingly regarded as one of Auckland’s fastest growing and top emerging commercial and industrial hubs. This location is supported by a local labour force, is near SH1, and is one of the few suburbs still offering both land and affordable rentals.
For more information or to arrange a viewing, call or email our Industrial specialists:
Hamish Howarth
021 029 84560 or (09) 253 9330
hamishhowarth@jamesgroup.co.nz
Alicia Capes
027 537 5353 or (09) 253 9330
aliciacapes@jamesgroup.co.nz
For a full range of currently available properties, check out www.jamesgroup.co.nz
