Otahuhu - SECURE YOUR OWN PIECE OF CENTRAL INDUSTRIAL AU...

Price Negotiation
Location 25 Great South Road, Otahuhu
Type Commercial & Industrial Industrial to Buy
Floor Area 1427 m2
Land 2023 m2
Listing No # 84677
Listed 15/10/2020
Views 1

Description

For sale by Deadline Private Treaty closing 2:00pm, Wednesday 11 November 2020 (unless sold prior) at Level 3, 50 Kitchener Street, Auckland Central.

This Freehold premises sits on 2,023m² of Light Industrial zoned land and has many advantages to be investigated. The improvements consist of a 1,427m² building comprising office and warehouse with an IEP rating of 70%.

Currently the property has a tenant occupying the rear warehouse and yard with an annual net rental of $90,000 and the added ability for split tenancies. The front office and warehouse area is currently vacant and offers huge road front exposure for potential tenants or owner-occupiers.

The property is located at the northern end of Great South Road, Otahuhu and offers nearby access to State Highway 1 allowing for easy commutes to CBD and throughout Auckland.

This property is a great long term investment offering flexibility in tenancies, building use and situated in an increasingly popular and affordable location!

KEY FEATURES:

  • 2,023m² Light Industrial zoned land in a true rectangular shape for the potential of future development
  • 1,427m² building comprising of office, warehouse and yard with an IEP rating of 70%
  • Returning $90,000 net rental with potential for a further $100,000 plus increase on the road front vacancy
  • Split risk investment with the potential for one, two or three tenancies
  • Sitting at the northern end of the Otahuhu industrial precinct in an increasingly popular and affordable location
  • Nearby SH1 allowing for ease of access to CBD and throughout Auckland

For further information or if you have any queries please don't hesitate to make contact today.

James Marshall - 021 400 339 j.marshall@barfoot.co.nz

Nick Wilson - 027 320 5333 n.wilson@barfoot.co.nz

Contact our agents

James Marshall

P: 09 363 1664
M: 021 400 339

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

3/50 Kitchener Street
AUCKLAND CITY , 1010

Nick Wilson

P: 09 363 1621
M: 027 320 5333

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

3/50 Kitchener Street
AUCKLAND CITY , 1010
RealEstate Agents contact details and original listing on www.realestate.co.nz -