SOLE AGENCY
An exceptional opportunity to acquire a quality industrial investment in the heart of Ellerslie. This 504m² property is leased to Metlifecare, one of New Zealand’s leading retirement operators, on a six-year term with fixed annual increases and regular market rent reviews. The building will be returning $98,900 p.a + OPEX + GST.
The property serves as Metlifecare’s central Auckland commercial laundry, making it a critical operational facility. The building features a warehouse that benefits from dual roller door access at both the front and rear of the premises and office/amenities over two floors. A total of 9 carparks are allocated to this unit (two stacked). The tenant is highly invested in the premises, having upgraded the power and gas feeds and funded the recent replacement of the roof — ensuring long-term functionality and reduced future capital expenditure for the incoming investor.
Located in a sought-after Ellerslie industrial complex, this industrial investment offers security, growth, and a strong tenant covenant rarely available in today’s market. Contact the sole agents today!
FOR SALE BY DEADLINE PRIVATE TREATY offers closing 4pm Wednesday 22nd October 2025 (unless sold prior)
Features:
- Six-year lease to Metlifecare - a blue-chip tenant
- 504m² well presented industrial building
- Fixed annual rental increases plus regular market reviews
- Returning $98,900 p.a + OPEX + GST
More information: https://www.colliers.co.nz/p-NZL67036429
