•Long standing established tenant
•Strong tenant covenant
•Modern industrial construction
•Large industrial land holding
This well establish tenant has been operating onsite since 2009. The business recently expanded with the addition of a 500 sqm paint facility, increasing the total building footprint to approximately 1,800 sqm ( more or less) on a large, elevated 6,095 sqm (more or less) freehold title.
Having recently renewed the lease till June 2029, the lease runs till 2032 with annual CPI increases ensuring rental growth on the current $184,748 + GST rental and capital growth driven by strong yield demand as interest rates decline.
The building, constructed circa 2009, features low-maintenance colour steel over steel portals, with wide sliding doors for easy access, and is equipped with two overhead gantry cranes. Complementing the production facilities are modern two-level offices, complete with kitchen and staff amenities.
The large 6,095 sqm (more or less) site provides a 1500 sqm (more or less) large, metaled yard area for storage and allows plenty of room for any future expansion of the warehouse facilities.
Located within the Golden Triangle, just a short drive from Hamilton and 40 minutes from Auckland this property is a must see.
The property is for sale by way of Deadline Private Treaty closing on the 30th October 2025 at 4pm (unless sold prior).