• Fully refurbished 933.37sqm (approximately) industrial asset on a rare 1,819sqm (more or less) freehold corner site
• Split-risk income across three (3) units, leased to two (2) separate tenants, returning net $207,618.13pa plus GST
• Low-capex profile with future redevelopment potential
This substantial freehold industrial holding presents an opportunity to acquire a fully refurbished asset, offering strong income and risk diversification. The property comprises 933.37sqm (approximately) of floor area on a generous 1,819sqm (more or less) corner site and is currently configured as three (3) separate units, leased to two (2) tenants and providing split-risk income of net $207,6118.13pa plus GST.
The building has undergone a comprehensive refurbishment, priding a low-capex profile for the incoming owner. Recent improvements include full reroof, all new roller doors, new electrical and plumbing, sealed yard, fencing, modern kitchenettes, LED lighting throughout and new joinery to the middle unit. With a 70% NBS earthquake rating, Light Industry zoning, excellent site coverage, and underlying redevelopment potential, this property offers both immediate income security and longer-term flexibility for investors and owner-occupiers alike.
