6 Cleveland Close, Fairfield, Dunedin, presents an outstanding opportunity to secure a modern industrial investment within the sought-after Chadwick Industrial Estate. Constructed in approximately 2018/19, the property offers a versatile combination of warehouse, office, and storage accommodation, underpinned by a leaseback arrangement to the current owners, providing investors with immediate income security.
Positioned within one of Dunedin's well-established industrial precincts, the property benefits from easy accessibility to both the northern and southern State Highway 1 motorway interchanges, providing efficient connectivity throughout Dunedin and the wider Otago region.
The improvements comprise a modern tilt slab industrial unit incorporating warehouse accommodation, and ground floor offices and amenities. The building has been finished to a high standard and includes high-stud warehouse space, roller door access, double glazing, and amenities.
Modern industrial assets of this calibre and price point are increasingly difficult to secure within the local market. Combining quality construction, an accessible industrial location, strong functionality, and secure leaseback income, 6 Cleveland Close represents a compelling opportunity for investors seeking a passive investment with long-term appeal.
Highlights:
• Site area of 255m² (more or less)
• Freehold tenure
• 2GP Zoned Industrial
• Annual rental of $40,000pa plus GST and outgoings
• New lease to be entered with multiple renewals
• Modern industrial unit
• Affordable price point
The property is offered for sale at an asking price of $599,000 plus GST (if any).
Contact the nominated broker for more information or to view.
