Flexible investment on city fringe

5:00 AM Saturday March 18, 2017 True Commercial

The units for sale at 43A Linwood Ave, Mount Albert. Photo / Supplied

Adjoining warehouse units, which offer a buyer the prospect of occupying one unit for their own business while renting out unused space, are for sale at 43A Linwood Ave, Mt Albert.

JLL agent Alex Wefers is marketing them through an expression of interest campaign closing April 7.

Wefers says they are on a rear site in the Linwood Industrial Park, behind Chamberlain Park golf course.

Unit 7A offers 391sq m and a net annual rental of $60,000; Unit 8A offers 441.5sq m and a net rental of $57,000 per annum, he says.

The lease for Unit 8A is in place through to 2020.

Unit 7A will be vacant from August 2017, however, there is already interest from potential tenants.

“This is an excellent opportunity for an owner-occupier to run their business from Unit 7A, while gaining a secure income from Unit 8A,” says Wefers. “Alternatively, an investor can buy both units and earn income from two tenants offering a split risk situation.”

Wefers says that Unit 7A has warehouse and office space and includes a food-grade fit-out. Unit 8A includes warehouse and office space as well as a two-bedroom apartment. Both units are accessible via an exclusive, enclosed corridor.

The units are 800m away from the St Lukes’ motorway interchange.

JLL national research manager Tom Barclay says the property will be well connected to the wider Auckland region once the Waterview Tunnel and Western Ring Route are completed next month.

“The Baldwin Ave railway station is also within walking distance, connecting the property with public transport links. Linwood Industrial Park houses 26 units, which accommodate a variety of companies from the film and food industries along with various trades such as plumbers, electricians and roofers,” says Barclay.

Wefers says the industrial park has zero vacancy and is an excellent alternative for those who missed out on investment opportunities in the Morningside industrial precinct last year. “The property is zoned Light Industrial under the Auckland Unitary Plan which allows for a range of activities including manufacturing, production, logistics, storage, transport and distribution.”