Property listing ID: 87097
For sale by Negotiation. Being offered to the market for the first time since it was constructed over 40 years ago, 3 Parity Place represents an outstanding opportunity for a purchaser to secure a rare Freehold commercial property in the heart of the ever popular Wairau Valley. Located in one of Auckland's most popular and central industrial suburbs, the property enjoys a prominent road front position only one property back from the busy intersection connecting Porana and Sunnybrae Roads. The standalone property further benefits from excellent car parking as well as drive-around access. Over the years the property has enjoyed stable occupancy through two long-term tenants, each company in their time benefitting from the flexibility of building design as well as locational attributes. Its current occupier has expended considerable effort into its current presentation and configuration, however, its original design presents a prime industrial unit highly sought-after in an incredibly tight industrial market. The physical structure is sound with a 70% NBS seismic rating and a good maintenance history including a recent roof replacement. Currently benefiting from holding income through an expiring lease, the options for 3 Parity Place are boundless and all astute purchasers, investors or owner-occupiers alike are strongly encouraged to consider. Please note viewings are by appointment only. KEY FEATURES: • Freehold (Fee Simple land) of 885m² • Two level office/warehouse structure of approximately 416m² • 10 car parks with drive-around access • Leased until 28/02/23 (no further RORs) returning $49,329 net per annum plus GST • Currently professionally configured into 11 suites, with relevant consents in place • Zoned Business - Light Industry
Listed by Barfoot & Thompson , John Stringer (City Commercial) , North Shore Commercial Commercial (North Shore Commercial)