Wairau Investment - Seriously for Sale
75C, Porana Road, North Shore City
Price On Application
- Proposed Usage
- Floor Area
- 1883.00 m²
- Property ID
Enquire about this property
Asking price $5,800,000 (6.42%) - Vendor says present all offers!
75C Porana Rd, Wairau, offers a multi-tenanted investment underpinned by an established National anchor tenant, The Appliance Shed, on a new 9 year lease*.
With vacancy levels in the tightly held industrial & commercial 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.
75C Porana Road offers 3 separate income streams on long term leases, within the high profile Epicentre Retail Development, currently returning $372,564 pa net in total.
Anchored by The Appliance Shed on a renewed 9 year lease term* (with Bank Guarantee), returning $287,000 pa net, and 2 office tenants returning $36,000 pa net and $49,564 pa net respectively, this split risk investment is sure to fit into any astute investors property portfolio.
The Appliance Shed occupies approximately 1,471.97 sqm of ground floor bulk retail showroom / warehouse, whilst the 2 first floor office tenancies consist of approximately 168.07sqm & 243.47sqm (fully refurbed). The premises has 49 allocated onsite carparks.
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.
Asking price $5,800,000 million (6.42% return)