Auckland Portfolio Divestment

• A substantial industrial investment in one of Auckland’s industrial hubs, returning $1,537,034.81pa
• Triple-net-lease with fixed rent reviews
• Bank guarantee for 24 months rent and outgoings
• Significant landholding of 2.6174 hectares zoned Light Industry

100 Kerwyn Avenue is a substantial industrial landholding of over 2.6 hectares in East Tamaki’s established industrial hub, underpinned by a strong triple net lease to Mr Chips Limited through to 2032 with one right of renewal. The lease includes a 24-month bank guarantee, providing investors with income security and fixed rental growth.

The property comprises 9,340sqm of improvements across two (2) manufacturing buildings, freezer and chiller facilities, grading areas, and office accommodation, with access via three (3) street crossings from Kerwyn Avenue.

Due to a change in the vendor's circumstances, this property forms one of four portfolio properties to be sold individually,