This premium tilt-slab industrial complex, built in 2006, offers a straightforward, income-generating investment backed by strong construction quality and secure lease arrangements.
With a gross annual return of $400,000 plus GST and outgoings, the property provides reliable cash flow underpinned by a strong national anchor tenant.
NZ Couriers Ltd, the cornerstone tenant, occupies Units A, B and C. Over their 19-year tenure, they have expanded their operations across all three units and recently committed to a new 5 + 5 year lease, reflecting both operational growth and long-term confidence in the site.
The remaining Unit D is leased to Unicrest Group Limited for storage, and NZ Couriers have signalled interest in this space in the future, with a first right of refusal included in the agreement.
The high-stud (5.02m at knee to 7.47m at the apex) warehouse spans approximately 2,786sqm, offering operational efficiency suited to logistics, distribution, and bulk storage. Tilt-slab construction ensures low maintenance and long-term asset durability, reducing capex exposure.
Originally comprising four north-facing units and easy to convert back if required, the building includes roller and personnel access to a concrete forecourt and 39 on-site car parks. A B-train-compatible drive-around layout with designated ingress and egress ensures seamless freight movement.
The property sits just 650metres from State Highway 1 within a well-established light industrial precinct, offering logistics strength, secure income, and investment-grade fundamentals.
The property is for sale by negotiation.
Contact Megan today to learn more or arrange a viewing.
Features:
- Gross annual return of $400,000 + GST & outgoings
- Anchor tenant has a new 5 + 5 year lease
- 2,786 sqm plus 154 sqm mezzanine and 39 car parks
- Concrete B-train drive around access
- Tilt slab, high stud warehouse
- Located only 650 m from State Highway 1 in an established industrial hub
More information: https://www.colliers.co.nz/p-NZL67034635
