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High yielding, A-grade industrial investment 

J/21 Lorien Place, East Tamaki

Industrial Buildings
gavel

Auction

Floor area
1355m2
Title type
Unit Title
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Auction

Wednesday
11:00am
Bayleys House, 30 Gaunt Street, Auckland Central
11
Mar

Map

Property details

Listing # 1906365 | Listed on 4 February
  • Total net income of $240,680pa + GST (semi gross) across three (3) tenancies
  • Circa 8m stud, clear-span warehouse, featuring a mix of tilt-slab and long-run iron
  • Located in one of Auckland’s premier industrial precincts

Available for sale is this modern, split-risk investment property, just minutes from the Highbrook interchange. 21J Lorien Place was constructed in 2004 with a mix of tilt-slab and long-run iron construction. The property was designed and functions in a way that enables up three (3) tenants to operate from the site.

The tenancies include two (2) separate wholesale businesses as well as a consented residential tenancy which could be reinstated to office in the future. The total rental income is $240,680pa + GST (semi-gross). Both industrial tenancies have been at the property long-term; LPM Imports since 2017 and Meadowlands Trading Ltd since 2018.

Located in one of Auckland's premier industrial precincts, East Tamaki is home to some of New Zealand's leading industrial and logistics businesses, including Fisher & Paykel, Mainfreight, Farmers and DHL. Lorien Place runs adjacent to Kerwyn Avenue and is just 4km to State Highway 1 via the Highbrook interchange.

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