Papakura

For sale by negotiation

MULTI-TENANTED FREEHOLD INDUSTRIAL INVESTMENT


For sale by deadline private treaty closing 12:00pm, Thursday 30 June 2022 (unless sold prior) at Ground Floor, RSM House, 62 Highbrook Drive, East Tamaki.

Barfoot & Thompson Commercial are delighted to present this multi-tenanted investment, which lies on a freehold site with excellent profile. This investment should suit those looking to spread their exposure over multiple income sources.

The 709m² building is split into four individual units occupied by three separate tenants with each unit having access to its own services. The low site coverage (35%) offers ample car parks and allows for easy truck maneuvering. The rectangular-shaped 2,000m² site has a 35 metre street frontage on Markedo Place which is strategically located between two major arterial roads, Hunua and Dominion Road.

KEY FEATURES:
• Floor area 709m²
• Site area 2,000m²
• New leases
• WALT 3.33 years
• Passing income $144,000 p.a. + OPEX + GST
• Excellent yard and parking (20+)
• Fully fenced
• Sought after warehouse to office ratios
• Business - Heavy Industry zoning

The Papakura industrial precinct has seen increased demand due to its improved roading infrastructure and proximity to a well-established labour force. Located approximately 35km south of Auckland CBD and 3km from Auckland Airport; Papakura, Takanini and Drury are increasingly regarded as Auckland's fastest-growing industrial hubs.

Property details

Location:
Papakura
Land area:
2000 m²
3 phase power:
Yes
Roller door access:
Yes
Other features:
Floor Coverings
Property ID:
88243

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