Colliers is pleased to present a substantial industrial investment underpinned by secure holding income from Team Global Express, one of Australasia's leading freight and logistics operators.
Situated on a 1.3721ha freehold site within an established Whangārei industrial location, the property comprises approximately 7,340sqm of warehouse, office and amenity accommodation. Team Global Express occupies approximately 73% and returns $493,334.32 per annum plus GST and recoverable outgoings.
The property offers immediate value-add potential through approximately 2,000sqm of vacant warehouse and office improvements available for refurbishment, re-leasing or repositioning. Combined with the substantial freehold landholding and well-positioned improvements, the asset presents investors with multiple avenues to enhance value over time.
Investment Highlights
- Returning $493,334.32 p.a. + GST and recoverable outgoings
- Team Global Express covenant
- Lease expiry September 2028 with rights of renewal through to September 2037
- 1.3721ha freehold Light Industrial site
- Approximately 2,000sqm of vacant improvements providing value-add potential
- Improvements positioned at the rear of the site, providing efficient parking, circulation and operational areas
- Over 7300 sqm total improvements indicating 90%-100% NBS ratings (ISA 2015).
- Strategic location with convenient access to State Highway 1
Contact Megan McGregor (027 346 4194) or Matt Prentice (021 464 904) to arrange a viewing.
