We are proud to offer for sale, a 372 sqm high quality and newly developed Industrial investment, located in the sought after Hobsonville precinct.
Returning $106k pa net, the tenant has a 5 year lease term with 3% fixed annual growth, with the next renewal coming in Sept 2028. A further 5 year renewal option is beyond this.
Floor area Breakdown:
- High stud warehouse – 224 sqm
- Showroom – 61 sqm
- Office (first floor) – 63 sqm
- Canopy – 24 sqm
- Carparks - 5 parks
Part of a 4 unit development, the north facing asset has plenty of natural light, and benefits from an MPI approved container drop area.
Positioned on Laurenson Drive, just off Hobsonville Rd & located within 1km away of the motorway off-ramp, giving ease of access to Albany and the Waterview connection to the South. Hobsonville is one of Auckland's growth nodes, both in the residential and commercial space and is already home to a number of multi-national tenants and a highly desirable area to work and live.
Vendor price expectation: $2m + (present all offers)
Call the industrial specialists to view.
Matt Prentice 021 464 904, Jack Tuson 027 448 1148 and Luke McGill 021 0220 8889
Features:
* Modern 348 sqm industrial investment
* Returning $106k pa + GST + opex
* 5 year lease (next renewal sept 2028)
* 3% fixed annual rental growth
* Market reviews on renewal
* Prime location
* North facing
* MPI approved container drop area
* Zoned light industrial
