Property listing ID: 86891
Barfoot & Thompson Commercial, as joint sole agents, are proud to market for sale, 40 Honan Place, Avondale - a prime standalone industrial investment, located in Avondale, one of West Auckland's most prestigious industrial areas. The building is tenanted to Food Chain Limited on a nine-year lease from October 2018. This "essential business" is well entrenched in the building and have completed a significant fitout to meet their needs. Currently returning $385,200 per annum net - the well-structured lease provides good future rental upside. The investment is well located on Honan Place, just off Rosebank Road and sits on a 4,572m² regular shaped Freehold title. Astute investors will appreciate the high warehouse ratio within the 2,882m² premises, along with ample on-site car parking and a fantastic yard area. Avondale is the closest industrial precinct to Auckland CBD and also has great links to South Auckland via the Waterview Tunnel and the North Shore, via SH18 (Hobsonville). Rarely do standalone industrial investments of this nature come to the open market - this is your chance to purchase a well-located, hands-free investment occupied by a committed essential tenant. Call the joint sole agents to further information. Site inspections by appointment only. KEY FEATURES: • $385,200 net per annum with CPI plus 1% annually and three yearly market reviews • 2,882m² warehouse with offices and amenities • 4,574m² Freehold site with ample loading and parking • High warehouse ratio
Listed by Barfoot & Thompson , Paul Vermaak (North Shore Commercial) , Bruce Jiao (North Shore Commercial)