Secure a modern, income-producing light industrial unit in the tightly held Mt Wellington Workshops - one of Auckland's most established and sought-after industrial precincts.
Unit 2/14 Harrison Road is returning net $20,000pa + GST from Hi5 Electrical Limited on a two-year lease (commenced April 2025) with one right of renewal, providing income through to April 2029. The lease is on fully net terms with personal guarantees in place and a market rent review due April 2027, presenting genuine upside for rental growth.
The unit comprises approximately 81sqm across two levels - 55sqm ground floor warehouse with an approximately six-metre stud height and 26sqm mezzanine - offering a versatile layout suited to a wide range of trade, office and storage uses. Two (2) exclusive car parks sit directly at the roller door for practical loading and daily access.
The complex features 24-hour CCTV, gated card access, onsite building management and EV charging facilities. Situated just off Ellerslie-Panmure Highway, the property is approximately 7km from the CBD with direct access to SH1, Sylvia Park, Ellerslie Train Station and key bus routes.
Purchased in October 2020 for $675,000 with a current capital value of $630,000 - the vendor is realistic and motivated to transact.
Key details:
Asking price: $599,000 + GST (if any)
Net income: $20,000pa + GST
Floor area: 81sqm (approximately)
Tenant: Hi5 Electrical Limited
Lease commencement: 8 April 2025
Lease expiry: 8 April 2027
Rights of renewal: One (1) of two (2) years
Final expiry: 7 April 2029
Rent review: Market review 8 April 2027
Capital value: $630,000
Car parks: Two (2) exclusive spaces
Zoning: Business - Light Industry
Tenure: Stratum in Freehold
For further information or to arrange a viewing, contact the sole agents.
