These well-presented industrial buildings in Henderson present an excellent opportunity for passive investors and future owner-occupiers alike.
The building comprises a substantial 1,100m² of clear-span warehouses, with a modern mezzanine storage area. The lunchroom and amenities are located downstairs, which provides a highly efficient workplace layout. The building has ample space directly outside the warehouses for container devanning (20ft) and includes 23 allocated car parks.
The buildings are currently leased to six different tenants on a net rent per annum with fixed growth and potential market rent of approximately $203,857. This property will sell significantly below replacement value, and there is real value to be capitalised on for the astute investor (including a favourable yield).
Additionally, the property offers a fully consented three-bedroom apartment above the industrial warehouses.
KEY FEATURES:
• Total lettable area of approx. 1,100m²
• Seven industrial units on a 1,960m² Freehold site
• Split risk investment over seven tenancies
• Fixed rental growth
• High warehouse ratio
• Prime Henderson location
• Modern building built in 2004
• GV at $4,025,000 (2024)
For more information, please contact the sole agent.
See this listing on Barfoot & Thompson
