An established industrial investment at 18-20 Pukemiro Street, offering secure rental income from an existing tenant and a substantial freehold landholding across two titles. The property provides approximately 928sqm of building area on 1,112sqm of Heavy Industry-zoned land.
Investment Highlights:
• Current net rental income of $146,401 p.a. + GST
• Existing lease through to 1 May 2030
• Two rights of renewal of four years each
• Fixed 2% annual rental increases each May
• Refurbished in 2020
• Approx. 928sqm building area
• Approx. 265sqm front yard and parking
• 1,112sqm freehold landholding across two titles
• Potential to accommodate multiple tenancies in the future
Situated within Onehunga's established industrial precinct, Pukemiro Street offers convenient access to SH1, SH20 and key Auckland transport routes. The tightly held industrial area is well positioned for businesses servicing the wider Auckland market.
For further information, contact:
Tarun
022 454 7881
Matt
027 222 2494
