The property features a unique corner industrial zoned site that is sitting on four separate freehold titles. With a total of 14,786sq m of land and just 22% site coverage, the site has plenty of options for occupiers, add-value, developers or land bankers. Sites of this scale with flexible options rarely come available.
The site is currently returning $818,826 net p.a. + GST across multiple tenancies, giving buyers an excellent return. The four titles provide close to 350m of road frontage with five egress points. Currently configured with multiple tenancies, both short and long term, the property provides split-risk income and the flexibility to renegotiate leases in line with your future plans. Whether you're looking to land bank, occupy, split and sell, or develop, this site has the scale and zoning to support a range of strategies.
Located approximately 26km south of Auckland CBD and just 11km from Auckland Airport, Manurewa offers unparalleled access to major arterial roads, including SH1 and SH20, and benefits from the convenience of the Waterview Tunnel.
Features:
- Total land area 14,786m² (freehold)
- 3,184m² net lettable area
- Four individual titles offering subdivision flexibility
- Holding income of $818,826 net p.a. + GST
- Multiple tenancies with rental upside
- Low site coverage
- Industrial zoning with future upside
- Located close to Manukau CBD and motorway networks
More information: https://www.colliers.co.nz/p-NZL67036067
