Prized Wairau Valley Investment
2-4, Woodson Place, Wairau Valley, North Shore City
Price On Application
- Proposed Usage
- Floor Area
- 1964.00 m²
- Property ID
Enquire about this property
With vacancy levels in the tightly held industrial precinct of the Wairau Valley on Auckland’s North Shore at historical lows, investors looking for a foothold into this popular and sought after location must enquire now.
2-4 Woodson Place offers two buildings sold as one package on a high profile corner site with a total building floor area of 1964.3m². Coupled with ample on site car parking and front and rear access these solid industrial buildings have stood the test of time and would be a welcome addition to any property portfolio.
Anchored by an award winning, 100% New Zealand owned and operated manufacturing company, DBJ Furniture Ltd, who specialise in high quality custom kitchens and cabinetry with a proven 22 year trading history. Currently leased through to February 2023, DBJ occupy two separate areas with a combined annual rental of $183,800 net.
The road front offices which cover both the ground and 1st floor with a total area of 320m² is tenanted by Amen Korean Methodist Church adding a further $26,966 pa of income, therefore a total net return of $210,766 pa (approximately).
Woodson Place is a busy cul-de-sac off Ellice Road on the northern fringe of the Wairau Valley. This popular location is handy to the Northern motorway at Tristram Ave and is surrounded by the established residential catchments of Glenfield, Sunnynook, Forrest Hill and Unsworth Heights. All of the buildings in Woodson Place benefit from a rear “wrap-around” driveway for truck access and deliveries to the warehouse areas.
The owners are committed to other projects and are looking for a result, call either of the sole agents today as viewings are strictly by appointment only.