Visibility and accessibility in Albany
The property at 15-17 Saturn Place, sits beside the elevated SH18, offering great exposure for tenants. Photo / Supplied
Agents are describing an office and showroom for sale at Albany as a prime investment with easy access to two motorways.
Unit 4, at 15-17 Saturn Place, sits beside the elevated SH18, giving great exposure for tenants and ease of access to main urban arterial transport routes, says NAI Harcourts North Shore commercial agent Rob Meister.
The unit is to be sold at auction on March 28 unless sold earlier by negotiation.
Meister says it’s had a single tenant in occupation since new, reflecting the high demand for the type of property and desirable location.
“With a lease expiry in June 2019, it offers options for investors and owner-occupiers alike. The high-visibility from the neighbouring highway makes the property extremely appealing to tenants, whose signage has great exposure.”
He describes the building as a modern industrial unit in an area zoned Light Industrial in the Auckland Unitary Plan. It comprises two-levels of airconditioned office and showroom space and a 145.75sq m warehouse with eight car parks. The total tenanted area is about 389sq m.
The warehouse is of solid concrete tilt slab construction with Clearlight panels and security bollards at the entrance. Access is via a motorised roller door.
The site is tenanted by Reid Technology, which has been there since 2011. Photo / Supplied
The office/showroom on the ground floor is partitioned into two offices with a small kitchenette and toilet. A stairwell on the northern side leads to the first-floor office space which includes an open area, partitioned offices, a boardroom, toilet and kitchenette.
As well as the eight car parks the external access area has room for temporary container drop-off and loading,” says Meister.
“The site is tenanted by Reid Technology, which has occupied the property since 2011, with two-yearly lease renewals; and a lease expiring in June 2019.”
The modern industrial unit has airconditioned office and showroom space. Photo / Supplied
Rental income on the property is $78,506.25 per annum plus GST and operating expenses. Total outgoings on the property are $11,054.69pa, says Meister.
His colleague Andrew Bruce, who is also marketing the property says it’s a soundly-built property that offers a good income.
“It’s in a high-demand location that will make it highly appealing to potential tenants and will ensure it holds its value,” says Bruce.