An excellent opportunity for the astute investor to secure a standalone industrial property, occupied by a long-standing tenant, returning $127,000 pa + gst & opex.
Situated on a 1,854sqm freehold site, the property offers a total lettable area of 988sqm, including an 800sqm high-stud warehouse, two-level offices and amenities, dual roller door access, secure sealed yard and ample onsite parking. The property has benefited from seismic strengthening works, now achieving 67% NBS, with the latest works completed in 2026.
The tenant has committed to a new three-year lease from June 2026, with two further three-year rights of renewal and scheduled market rent reviews throughout the lease term. Well positioned in Woolston's industrial precinct, with convenient access to the city, main arterial routes and Port of Lyttelton, this is a sound industrial investment worthy of consideration.
• Returning $127,000 pa + gst & OPEX
• Established tenant with new 3-year lease plus 2 x 3-year renewals
• 67% NBS
• 988sqm total lettable area, including 800sqm high-stud warehouse
• 1,854sqm freehold Industrial General-zoned site
• Dual roller door access, secure sealed yard and approximately 15 car parks
https://www.propertyfiles.co.nz/property/5532049
Contact the sole agents today for further information.
