• A substantial large scale industrial investment located in one of Auckland's most desirable industrial hubs
• Triple net lease with fixed rental growth mechanisms
• Bank guarantee in place for 24 months rent and outgoings
• Significant land holding of 2.6174 hectares, zoned Light Industry
• Currently returning $1,537,034.81pa plus GST and outgoings
Located in the heart of East Tamaki, this well positioned freehold industrial investment will capture the eye of investors looking for a significant land holding with potential, underpinned by excellent lease fundamentals.
A triple net lease to Mr Chips Limited through to December 2031 with a 24-month bank guarantee in place offers investors security of income with fixed growth mechanisms.
The buildings encompass 9,339sqm of floor area located on a large industrial freehold site of over 2.6 hectares with three street crossings. The property features a receiving and grading facility for potatoes and two manufacturing buildings. It also has freezer and chiller facilities onsite complimented by the office administration area.
A bankable investment with future upside and development potential.
