1 Sawmill Road presents a substantial freehold industrial corner site of approximately 7,865sqm, benefitting from dual road frontage to Sawmill Road and Forestry Road. The largely level site is partially sealed and provides excellent accessibility via two vehicle entrances. Improvements include an existing warehouse of approximately 586sqm featuring high-stud construction throughout, five roller door access points, and an automotive service pit. Complementing the warehouse is a separate portable office building of approximately 80sqm. The property is zoned Light Industry and is positioned within an established industrial precinct surrounded by successful operators.
A new five-year lease will be entered into with the existing, well-established tenant from settlement, delivering a net rental income of $370,000 per annum. The lease will include annual rent reviews at CPI plus 1%, together with market reviews and rights of renewal, providing an attractive investment profile.
Located within the Riverhead industrial precinct in West Auckland, the area was purpose-built to accommodate larger industrial operators seeking strategic access to North, West and South Auckland via State Highway 16. Riverhead continues to experience strong growth, underpinned by recent residential and commercial development. With a recognised shortage of industrial bare land opportunities in the area and surrounding precincts, the property offers compelling long-term fundamentals for both occupiers and investors.
For further information or to arrange a viewing, please contact the Joint Sole Agents today
