A Significant Tenanted Industrial Investment

2, Freight Place, Mangere, Manukau City

Tender

Proposed Usage
Industrial
Floor Area
4598.00 m²
Land Area
7279.00 m²
Description:
Property ID
1btd517

• A rare tenanted industrial investment opportunity currently returning $559,606 pa (net)
• Established tenant with multiple operations
• Current lease term until November 2024 with further ROR
• Built in CPI and market rental growth
• A modern industrial building with excellent warehousing ratios and presentation
• Located on the corner of Richard Pearse Drive and Freight Place, offering excellent exposure

Situated on a 7,279sqm freehold site within the aspirational Airport Oaks industrial precinct, which offers ease of access to main transport systems, Auckland's International Airport, surrounding amenities and a number of nearby residential, commercial and industrial precincts.

This property provides a rare opportunity for astute investors to acquire a quality and significant
industrial investment in today's tightly held investment marketplace.

This modern building is well constructed and maintained, providing excellent levels of warehouse and office accommodation to the existing warehouse and distribution tenant.

Market rental valuations will be available confirming the realistic rental values being paid and highlighting the potential for further rental growth.

For sale by tender closing 4pm, Thursday 29th June 2017 (unless sold prior).

All viewings are strictly by appointment with the sole agents:

Mike Adams 021 977 527
Dave Stanley 021 326 820

Enquire about this property

Mangere Area