Wairau Valley Industrial - Renewed Six Year Lease

A/21, Porana Road, Wairua Valley, North Shore City

Price On Application

Proposed Usage
Industrial
Floor Area
1848.00 m²
Description:
Property ID
1c041c6

- 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
- Building Area 1,848sqm (approximately)
- Light Industry zoning under AUP (OP)

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.

Tenancy Details:
Name of Tenant - Apollo Group Limited
Term of Lease - Six (6) years
Commencement Date - 1st November 2017 (renewed)
Rights of Renewal - One (1) of six (6) years
Net Rental - $255,000pa net + GST

For Sale by Deadline Private Treaty (unless sold prior)
4pm, Wednesday 6th December 2017
Bayleys House, 30 Gaunt Street,
Auckland Central..

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Wairua Valley Area