ADD VALUE INVESTMENT ANCHORED BY NATIONAL TENANTS
20-30, Sel Peacock Drive, Henderson, Waitakere City
Price On Application
- Proposed Usage
- Floor Area
- 9700.00 m²
- Land Area
- 9640.00 m²
- Property ID
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Colliers International is proud to offer to the market for the first time in over a decade this substantial investment opportunity which boasts considerable further development capacity. The property consists of 3 freehold titles, totalling approximately 9,640m² and a total net lettable area of approximately 9,700m².
The property is currently returning circa $1.245m pa net +GST across 6 tenants, 3 of which have a national presence including Storage King, Mad Butcher and Ministry of Social Development and provides a Weighted Average Lease Term of 6.05 years.
Complementing the annual return from the investment is the immediately developable vacant land of 3,024m² zoned ‘Terraced Housing & Apartment Buildings. Concept designs are available for this site which provides for five blocks netting 116 apartments.
The subject property lies on the eastern side of Sel Peacock Drive and enjoys an easy walking distance to Henderson’s CBD. Auckland’s CBD is approximately 17kms away and with the Western Ring Route now open, accessibility to and from the site from surrounding suburbs is set to drastically increase.