Prime Industrial Investment - Papatoetoe
64, Grayson Avenue, Manukau City
- Proposed Usage
- Floor Area
- 576.00 m²
- Property ID
The prime industrial location being 21 minutes to Auckland CBD, 11 minutes to Auckland Airport and 5-6 minutes to motorway (state Highway 1 and South Western motorways)should ensure continuous demand for tenants.
The front tenancy is becoming vacant and the rear two units are under rented, however for investors we have assessed the potential rent once fully occupied at market rents to be approximately $55,000.
For owner occupiers this represents an opportunity to own your own building and use the rental from the other two tenancies to pay off the mortgage.
Investment attributes of this property include:
• Industrial workhorse that keeps giving
• Standalone fee simple title with three tenancies
• 576m2 with potential $55,000 rent roll
• One vacancy of 308m2 - will suit owner occupiers or investors
• Location counts - 11 minutes to airport, 5-6 minutes to State Highway 1 and south western motorway
• Owned by the one family since 1975
• Owner has relocated to the far north and instructs us to sell
Auction 12pm, 12 December 2017 (unless sold prior)