Available now is a rare opportunity to secure a fully refurbished industrial investment in one of East Tamaki's most tightly held industrial precincts.
Unit 9, 5 Polaris Place comprises 420sqm (approximately) of functional floor area, complemented by nine dedicated car parks and an exclusive yard. The property is leased to Rapid Property Group Limited on a brand-new four-year term, returning $100,000pa net with fixed annual increases of 3% and market rent reviews upon renewal.
The vendor has recently invested more than $500,000 in refurbishments, including a newly concreted yard, upgraded office space, replacement of exterior cladding, new glass balustrading, and secure perimeter fencing. This ensures minimal future capital expenditure for the incoming owner.
Located in the heart of East Tamaki, the property benefits from strong occupier demand, low vacancy rates, and excellent accessibility across Auckland. Its practical layout and exclusive yard provide flexibility for a wide range of industrial users, enhancing its long-term investment appeal.
Key Features:
- 420sqm (approximately) total floor area
- Net income of $100,000pa + GST
- New four-year lease to Rapid Property Group Limited
- Fixed annual rental growth of 3%
- Exclusive yard and nine allocated car parks
- Over $500,000 recently spent on refurbishments
- Prime East Tamaki location
For further information, please contact the sole agents:
Tom Doyle
021 062 6261
tom.doyle@bayleys.co.nz
Harrison Gregory
021 082 40922
harrison.gregory@bayleys.co.nz
Peter Hwang
021 133 3113
Peter.hwang@bayleys.co.nz
