This is a premium opportunity to acquire a tenanted investment in a sought after location. Situated in the heart of Port Whangarei, this industrial property offers a combination of a strong tenancy, significant yard space, and future development potential.

The well-appointed property features a building-to-land ratio of just 25.5%, providing ample room on the 2023 sqm land area for parking, truck turning, storage, and future expansion. The site is a flat, gravel yard with a secure perimeter and gate, ensuring peace of mind for both the tenant and the new owner.
The main building consists of 515.5 sqm of 5 high-stud bays industrial workshop with a dedicated office annex.

The property is currently leased to Hydraulic Hose Services, a well established and highly experienced tenant in the engineering industry, specializing in high-pressure hoses and hydraulic cylinders. The tenant has a brand new 4-year lease with rights of renewal, generating a net rental of $115,000 + GST per annum.

This prime piece of Whangarei industrial real estate is strategically located, offering the benefits of a Northland industrial hub while being just a minute's drive from Whangarei's central shopping areas.
Be in the auction room to secure this solid, income generating asset with significant future upside.

For more information, contact us today to receive a detailed information memorandum and to register for the auction.