• Total net income of $240,680pa + GST (semi gross) across three (3) tenancies
• Circa 8m stud, clear-span warehouse, featuring a mix of tilt-slab and long-run iron
• Located in one of Auckland’s premier industrial precincts
Available for sale is this modern, split-risk investment property, just minutes from the Highbrook interchange. 21J Lorien Place was constructed in 2004 with a mix of tilt-slab and long-run iron construction. The property was designed and functions in a way that enables up three (3) tenants to operate from the site.
The tenancies include two (2) separate wholesale businesses as well as a consented residential tenancy which could be reinstated to office in the future. The total rental income is $240,680pa + GST (semi-gross). Both industrial tenancies have been at the property long-term; LPM Imports since 2017 and Meadowlands Trading Ltd since 2018.
Located in one of Auckland's premier industrial precincts, East Tamaki is home to some of New Zealand's leading industrial and logistics businesses, including Fisher & Paykel, Mainfreight, Farmers and DHL. Lorien Place runs adjacent to Kerwyn Avenue and is just 4km to State Highway 1 via the Highbrook interchange.
