Property listing ID: 87028
This tightly held standalone warehouse is perfectly positioned in a thriving Newmarket location and is under-rented returning $130,141 net to a long-standing tenant with a final expiry in January 2023. This prominent high stud warehouse comprises of 340m² (approximately) on the ground floor plus a 116m² (approximately) office mezzanine and benefits from a right of way access from Carlton Gore Road. The flexible Metropolitan Centre zone allows residential and/or commercial use with significant development upside up to 28 metres high (subject to resource consent). Additionally, this vibrant Newmarket location is close to all local amenities and major transport hubs. Overall, a highly desirable standalone warehouse with genuine upside in a strong and emerging location that's not to be missed! KEY FEATURES: • High profile standalone 456m² (approximately) Freehold warehouse • Returning $130,141 net p.a. with final expiry January 2023 • Flexible Metropolitan Centre zone with significant development upside • Strategic play for investors, owner-occupiers and developers alike
Listed by Barfoot & Thompson , Reese Barragar (City Commercial) , Nick Bernecker (City Commercial)