Property listing ID: 77897
The property at 165 Neilson Street, Onehunga, is a freehold heavy industrial site with huge road exposure and positioned in the heart of Onehunga's industrial precinct. Sitting on the 2,208m² site are two warehouse structures with associated office totaling 695m². Both warehouses have multiple roller door access points and exclusive fenced yards. The property has a road frontage positioning, two separate tenancies with exclusive yard areas and potential future development. The property's two tenancies have a annual net income of $150,000 plus GST. There is built in rental upside and a WALT of 5.5 years. With Te Papapa Train station and the Onehunga retail precinct being in such close proximity, the property offers convenience of nearby services and easy access for customers, clients and staff. Added to this is recently opened Waterview Tunnel connection which has significantly improved the accessibility to this location and this all bodes well for the Onehunga area. For further information or to arrange an inspection please contact the listing agents. KEY FEATURES: • 2,208m² heavy industrial zoned site • Two buildings totaling 695m² • Two separate buildings with exclusive yards • $150,000 plus GST per annum passing income • Circa 28m road frontage
Listed by Barfoot & Thompson , James Marshall (City Commercial) , Bruce Jiao (North Shore Commercial)