East Tamaki - HIGH PROFILE INVESTMENT

Price Negotiation
Location Unit 2, 85 Ben Lomond Crescent, East Tamaki
Type Commercial & Industrial Industrial to Buy
Floors 1
Floor Area 611 m2
Listing No # 82048
Listed 7/09/2019
Views 2

Description

For sale by Deadline Private Treaty, closing 4:00pm on Friday 11 October 2019 at GF, Building 5, 60 Highbrook Drive, East Tamaki (unless sold prior).

The property comprises a well appointed, functional industrial facility occupying a prime position fronting Cascades Road.

The location is hard to match with a large residential catchment a stone's throw away in Auckland's eastern suburbs of Pakuranga, Botany and Howick. The arterial route of Ti Rakau Drive provides a direct link to the East Tamaki precinct and the Southern Motorway.

The building itself comprises 611m² and is split into two separate tenancies.

The head tenant, being The Christmas Cake Company, occupies 503m² on a new six year lease paying $72,595 pa + outgoings and GST. The space is a mixture of high stud warehouse, tidy office and amenities and food grade bakery area.

The secondary tenant is a long-standing commercial garage occupying 108m² on a new three year lease paying $18,800 pa + outgoings + GST.

Investment highlights:

  • Total income $91,395 pa + outgoings + GST
  • 611m² GFA
  • 17 dedicated car parks
  • 90% IEP rating (available on request)

For more information or to arrange a viewing, contact:

Nikolai Vulinovich - 021 283 8180 / n.vulinovich@barfoot.co.nz

Katie Wu - 027 230 7895 / katie.wu@barfoot.co.nz

Contact our agents

Nikolai Vulinovich

M: 021 283 8180

Barfoot & Thompson Ltd (Licensed: REAA 2008) - South Auckland Commercial

Ground Floor, Building 5
60 Highbrook Drive
Manukau City , 2104

Katie Wu

M: 027 230 7895

Barfoot & Thompson Ltd (Licensed: REAA 2008) - South Auckland Commercial

Ground Floor, Building 5
60 Highbrook Drive
Manukau City , 2104
RealEstate Agents contact details and original listing on www.realestate.co.nz -