Secure a passive, inflation-protected industrial income stream with this fully tenanted Glendene warehouse, now leased to a functional, established wholesale operator on highly landlord-favourable TLANZ commercial lease terms.
Unlike typical industrial tenancies, this triple-net lease shifts all ongoing property expenses – rates, body corporate levies, building maintenance, insurance and compliance costs – entirely to the tenant, eliminating ongoing landlord overheads and delivering pure net rental returns year-round. Automatic 2.5% annual fixed rent hikes lock in steady income growth, insulating your investment against inflation without the uncertainty of market rent negotiations for the initial term.
Multiple layers of financial security protect your cashflow: a rental bond, a personal guarantor with unlimited joint liability, plus a formal charge over the guarantor and tenant’s property assets to cover any unpaid rent or damages. Critical landlord protections include rent-free clawback for early termination, strict controls over assignment/subleasing, and full tenant responsibility for all building reinstatement, racking works, signage and insurance excesses.
The 510sqm modern industrial facility itself is a robust underlying asset, featuring high-stud clear span warehousing, dual roller door loading, generous exclusive parking and dual-level office accommodation – a layout highly sought-after by logistics, wholesale and storage tenants across West Auckland’s supply chain market. With minimal new industrial stock entering the region and persistent strong tenant demand, this property delivers both immediate guaranteed rental income and solid long-term capital growth upside.
Favourable Lease Terms for Investors:
• Fixed 3-year primary lease term commencing 7 May 2026, final expiry 22 April 2034; 3-month formal renewal notice period providing landlord control over rent review timing
• Triple-net lease structure: Tenant pays 100% of all property outgoings
• $90,000 per annum net base rent + GST, paid monthly in advance (no landlord cashflow delays)
• Built-in annual rental growth: 2.5% fixed rent increase every anniversary of lease commencement – automatic inflation hedging with no negotiation required
• Secure financial safeguards for landlord:
1. Rental bond held by landlord as security against default or damages
2. Personal guarantor
3. Tenant & guarantor provide equitable mortgage charge over all their real estate assets to secure rent payments, with landlord caveat rights
• Strong landlord-friendly clauses: Rent-free clawback – if tenant surrenders, assigns or defaults early within initial term, they must repay pro-rata rent-free incentives
• Tenant fully responsible for all insurance excesses, mandatory $1M public liability insurance, all racking installation, maintenance and removal costs, signage consents and all operational building wear & tear reinstatement
Property Asset Advantages:
• 390sqm high-stud clear-span warehouse with dual roller door access for seamless logistics, container-friendly yard layout
• 120sqm two-level modern office/showroom space with separate bathroom amenities, air conditioning and mezzanine office suites
• 10 exclusive gated on-site car parks – rare generous parking ratio for West Auckland industrial units
• Full 3-phase power supply suited for manufacturing, wholesale storage and distribution operations
• Landlord completed pre-lease capital improvements at its own cost: electric roller door installation and full office deep clean prior to commencement
• Recently refurbished facility offered $200,000 below replacement cost, immediate built-in equity
• Strategic Glendene location with fast access to Western Link motorway, South Auckland freight hubs and Auckland Airport; tightly held industrial zone with minimal new development supply
Vendor instructions are clear for a prompt sale.
