This premium tilt-slab industrial complex built in 2006 presents a straightforward, income-generating opportunity backed by structural integrity and secure lease arrangements.
With a gross annual return of $400,000 plus GST and outgoings, the property delivers a reliable cash flow underpinned by a strong national anchor tenant.
The cornerstone tenant, NZ Couriers Ltd occupies Units A, B and C. Over their 19-year occupancy, NZ Couriers have expanded their operations across the three units and have entered into a new 5 + 5 year lease agreement reflecting their operational growth and tenant commitment.
The remaining Unit D is leased to Unicrest Group Limited for storage, and NZ Couriers have indicated an interest in this unit in the future when it becomes available with a first right of refusal for this space drafted into the agreement.
The high-stud (5.02m at knee to 7.47m at the apex) warehouse spans approximately 2,786 sqm, offering operational efficiency suited to logistics and bulk storage. Its tilt-slab construction ensures low maintenance and strong asset longevity, reducing capex exposure over time.
Originally comprising four north-facing units and easy to convert back to this in future if needed, the building includes roller and personnel access to a concrete forecourt and 39 car parks. Its B-train-compatible drive-around design with designated ingress and egress ensures seamless circulation to optimize freight movement.
The property sits just 650 metres from State Highway 1 within a well-established light industrial precinct, offering logistics strength, secure income, and investment-grade fundamentals.
This property is for sale at $6,375,000 + GST.
Contact Megan today to learn more or schedule 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
