Wairau Valley industrial - Renewed six year lease
21A, Porana Road, Wairau Valley, North Shore City
- Proposed Usage
- Floor Area
- 1848.00 m²
- Property ID
- A highly desirable road frontage industrial investment on Porana Road
- Fully sprinklered warehousing with three (3) roller doors
- Renewed lease term of six (6) years
- Attractive office fit-out
This prize investment located in the tightly held Wairau Valley will appeal to the astute investor looking for a functional industrial asset. The property offers frontage to the busy Porana Road, with two (2) levels of office accommodation refurbished to a modern standard. The warehousing at the rear provides versatile space with full height roller door access.
The Tenant has recently renewed their lease for a further six (6) years with a bank guarantee and is currently returning $255,000pa net + GST.
Positioned in a high demand, low vacancy area the property provides fundamentally good real estate with a long term lease. Ideal for passive investors, family trusts and first time investors..