• New five-year lease with an established tenant
• Located in the tightly held North Shore industrial precinct
• Commanding road front position
• Built in rental growth with CPI reviews every two years
A/11 Douglas Alexander Parade represents a rare opportunity to secure a modern, road-front tenanted industrial investment in the tightly held North Harbour Industrial Estate.
The tenant has exercised their right of renewal with a new five-year lease commencing January 2026.
The Albany industrial precinct has stood the test of time as a sought-after location for tenants, owner-occupiers and investors, boasting low vacancy levels, which is testimony to its continued desirability.
The layout is ideally suited to logistic and other industrial operations, which is the case for the current tenant who has occupied the property since 2021.
The property has a functional clear span high stud warehouse and two levels of office and amenities.
An ideal investment to start with or add to any existing portfolio in this popular location on Auckland's North Shore.
