• Annual income of $420,000 + GST and outgoings
• Brand-new four-year lease with built-in rental growth
• Substantial 4,048sqm (more or less) freehold corner landholding
• High-profile dual frontage to Ascot Road and Andrew Baxter Drive
• Established Airport Oaks industrial location
Positioned in the heart of Auckland's tightly held Airport Oaks industrial precinct, this substantial 4,048sqm (more or less) freehold corner property presents an opportunity to secure a strategic landholding in one of the city's sought-after industrial locations.
Generating a return net of $420,000pa + GST, the property will be sold with a brand-new four-year lease with built-in rental growth throughout the lease term.
The property's prominent corner position, substantial land area and multiple ingress and egress further enhance its appeal in a location where opportunities to acquire freehold industrial holdings of this scale are limited.
Combining a fresh lease commitment, occupier improvements and a substantial underlying landholding, this investment offers both income certainty and long-term exposure to one of Auckland's premier industrial locations.
Karl Price
021 552 503
[email protected]
Roman van Uden
027 313 8803
[email protected]
