With lowering interest rates and industrial investment yields beginning to compress, this near new industrial asset is a rare opportunity to acquire a multi-tenanted, high-yielding, freehold industrial investment at 7.2% return on the passing rental.
Situated on the gateway site into Tawhiri Business Park, on 4914 sqm of Business 2A Zoned land, this property boasts a building floor area of 2236 sqm, split into eight separate tenancies. The passing rental is $423,923 + Opex + GST.
With two vacancies pending, the owners have agreed to a rental underwrite that’s equivalent to $100,000 + GST, mitigating the perceived risk of vacancy by investors.
Opportunities to acquire modern investments with diverse income streams are very seldom available to the market. This property offers investors the chance to purchase a near new asset (built 2022 & 2023), with a strong tenant mix, whilst also mitigating the risk of vacancy.
This property can be purchased for $5,900,000 + GST (if any)
Call the sole agents for more information.
Features:
- Net passing rental $423,923
- Return of over 7%
- Split risk investment with diversified income
- Built in 2022 & 2023
- High growth area and highly sought after industrial location.
- Wide ranging mix of businesses on site
- Strong history of occupancy
More information: https://www.colliers.co.nz/p-NZL67035898
