Positioned on a substantial 1,540 m² site, 30 Riverbank Road offers investors the rare combination of a quality national tenant, secure lease income and significant underlying landholding — providing both immediate income and longer-term potential.
Leased to Scanpower Limited, returning $52,000 net per annum, with a new five-year lease commencing 31July 2026, two further five-year rights of renewal and annual rental increases.
Scanpower is an essential service provider supporting electricity network connectivity across the lower North Island, with operational depots throughout the region. Its ongoing operational requirements provide a strong foundation for the tenancy and add weight to the investment proposition.
The recently upgraded 108sqm building, occupies a relatively small portion of the site, leaving a substantial balance currently utilised for tenant storage and operational purposes. This creates valuable land-rich investment characteristics, with scope to investigate future development or expand.
Recent infrastructure investment and new roading connectivity provide improved access to the Ōtaki Expressway, while Riverbank Road offers excellent profile and accessibility within an expanding commercial and industrial precinct.
For investors seeking reliable rental income, annual rental growth and the added attraction of substantial underlying land, this is an opportunity to secure a well-positioned industrial asset with genuine longer-term potential.
For more information or to arrange a viewing contact:
Dean Anderson on 021 244 2931 [email protected]
Jo Stewart on 027 641 1680 [email protected]
*Please note all areas and values are approximate only.
Features:
* 1,540 m² landholding with 108 m² building
* $52,000 p.a. rental income
* Fully insulated building, including ceiling
* Excellent high-profile Riverbank Road location
* Excellent long-term development potential
