This is a very rare opportunity to acquire a high yielding and highly diversified, multi-income stream freehold investment with genuine value-add potential.
The property comprises an 84-unit storage complex (currently 82% occupied), complemented by two standalone industrial tenancies. These are leased to a secure international tenant Ecolab and a national architectural and kitchen hardware distributor, providing a solid base of income.
Positioned on a significant inner-city landholding within the tightly held Middleton industrial precinct, the property benefits from favourable Mixed-Use zoning, which will continue to underpin long-term value and future flexibility.
Immediate upside can be captured through renting the remaining storage vacancies, while longer-term upside exists through redevelopment, as the rear building approaches the end of its economic life.
The opportunity to secure a site of scale, with diversified income streams and located in a tightly held industrial location, are seldom available in the market. Astute investors will recognise the strength of the underlying landholding, the resilience provided by multiple tenancies, and the ability to unlock further value through active asset management and future development.
Don't miss this high cash‑flow investment with future upside in the highly sought‑after Annex Road, Middleton.
Call the sole agents now for further information.
For sale by Deadline Private Treaty: 3pm, Thursday 30 April 2026 (unless sold prior).
*Boundary lines are indicative only.
Features:
- High yielding investment
- Diversified income stream
- Immediate upside with Vacant Storage Units
- Total passing income* $367,709 + GST + OPEX as of 8 April 2026
- Further development potential
- Tightly held industrial location
- Future flexibility with mixed use zoning
- Significant land holding of 7,257 sq m
- Large Street frontage of 62m (approx)
More information: https://www.colliers.co.nz/p-NZL67039230
