Wairau Investment - Multi tenanted with add value

179A, Archers Road, North Shore City

Price On Application

Proposed Usage
Industrial
Floor Area
1398.00 m²
Description:
Property ID
1bzhwfd



Central North Shore location, prominent signage exposure, multiple tenancies and add value potential make this an ideal investment.

The 1,398m² property has 6 separate commercial tenants and current contract net rent from 5 of these equating to $261,801.13 pa (annualised rent).

Possible options:

Option 1

Hold and manage the property to increase value by improving lease terms and rent. Wairau valley vacancy levels are at record low levels. 

Option 2

Owner occupier who can use the office space.

Option 3

Utilise the Resource Consent and develop the 14 residential apartments along with the commercial tenancies allowed under the consent.

There are multiple options here. A bit of work is required but the vendors recognise this and want it sold!

*Please note this rental is based on a monthly rental and is subject to change.

Call now for further information.

Mike Ryan 021 402 461 | Sam Sherning 021 359 100

Enquire about this property

North Shore City Area