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Freehold Investment – New 6-year Lease

20 Rylock Place, Pakuranga

Industrial Buildings
gavel

Auction

Floor area
988m2
Land area
2060m2
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Auction

Wednesday
10:00am
03
Dec

Map

Property details

Listing # 67037096 | Listed on 31 October

SOLE AGENCY

This quality industrial property offers the ultimate set-and-forget investment opportunity, underpinned by a brand new 6-year lease to a well-established and proven tenant.

Situated in a tightly held industrial location, the property comprises approximately 988m² of high-stud warehouse and office accommodation on a 2,060m² freehold site. Multiple roller doors provide excellent access and functionality, with the added flexibility to split the building in future, offering investors a potential split-risk leasing option down the track.

The lease features fixed rental growth and is structured as a ‘gold plated’ lease, ensuring minimal landlord responsibilities and appealing to those seeking a hands-free, passive investment.


Features:

  • Brand new 6-year lease to established tenant
  • 988m² of high-quality industrial and office space
  • 2,060m² freehold site with excellent access
  • Multiple roller doors – flexible layout and usability
  • Fixed rental growth and consistent market reviews
  • Light Industry Zoning


More information: https://www.colliers.co.nz/p-NZL67037096

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