Looking for a reliable investment in the commercial sector of the market, industrial, that always out-performs the rest? Want an established industrial tenant with over 15 years of experience in a business sector that is consistently in demand? Want an investment with growth and long-term development options? Then you need to consider this one.
1 Sawmill Road offers a large industrial freehold site of approx. 7,865m2 with dual road frontage onto Sawmill and Forestry Roads. Property is mainly flat, partially sealed with two entrances and boasts an existing warehouse building totalling 586m2 of working space with high stud through-out, 5 roller doors accesses and automotive pit. In additional to the warehouse there is also a separate portable office building of approx. 80m2. Property is zoned ‘Light Industry’ and is surrounded by other successful industrial operators in this precinct.
A new lease will be completed for the incoming purchaser to the existing established tenant for a five-year term starting on settlement date with rights of renewal and a net rental income of $370,000 p.a. Rent reviews will be set at CPI + 1% annually with market reviews.
This business precinct in Riverhead, West Auckland was established to provide affordable industrial working sites for larger operators wanting access to North Auckland, West Auckland, and South via State Highway 16. Riverhead area is renowned as a high growth area of Auckland with successful residential and commercial developments over the past few years providing substantial growth in this area. There is also a notable lack of industrial bare land opportunities in this area and surrounding areas for occupiers and investors, which will only buy help to see land values rise over the future.
For viewings or further information call either of the agents listed below today!
• Approx 7,865m2 freehold industrial site
• Approx. 586m2 warehouse building + 80m2 additional office building
• New five year lease with RORs and built in growth
• Net rental of $370,000 p.a. plus GST and OPEX
Deadline sale closing 4pm 26 February 2025 (unless sold prior)
