Industrial On New Lease
182, McLeod Road, Te Atatu South, Waitakere City
Price On Application
- Proposed Usage
- Floor Area
- 1307.10 m²
- Property ID
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This property is certainly a gem.
Prominently positioned on Mcleod Road amongst other professional industrial buildings, the site enjoys easy access along with plenty of car parking.
Te Atatu has its own motorway interchange that is currently undergoing improvements and this location is conveniently situated to take advantage of those improvements.
The building presents very well with a modern, professional facia that projects an impressive image to the street.
The tenant is on a new lease, currently returning $115,000.00 net with built in increases to $120,000 net for 2019. Following that, there is a market rent review which provides further opportunities for additional rental returns.
The tenant has an exciting business in the renewable, sustainable energy and lighting industry, products which one would assume is going to play a huge part of our future. This surely benefits any landlord, adding a certain future proofing dimension to their investment.