Located on a prominent corner site at the intersection of Astley Avenue and Neville Street, New Lynn, this freehold light industrial property presents a rare opportunity in one of the area’s most tightly held industrial precincts, directly opposite Mitre 10 Mega.
The dual‑tenanted property comprises 1,149sqm of total building area on a 1,664sqm freehold site, returning a combined net income of $139,075 per annum + OPEX + GST. Thus offering scope for future owner‑occupiers, add-value investors or repositioning.
The main building incorporates a high‑stud warehouse accommodating a variety of industrial uses. Access is a standout feature, with four separate driveways enabling efficient drive‑in, drive‑out access to both buildings on site. This is complemented by ample yard space and on‑site parking.
Zoned Light Industrial, the site’s corner profile, land area, and exposure support its appeal as a strategic landholding with future redevelopment potential, aligned with ongoing industrial demand, and change within the New Lynn area.
This is a freehold industrial investment with strong fundamentals in a tightly held location.
Key Features:
- Freehold light industrial property
- Dual‑tenanted income profile
- 1,149sqm total building area
- 1,664sqm freehold land area
- Net income of $142,614 p.a. + OPEX + GST
- High‑stud warehouse with gantry crane
- Four driveways providing drive‑through access
- Prominent corner site
- Tightly held New Lynn industrial precinct
For more information or to arrange a viewing, please contact or West Auckland experts today!
Features:
- Freehold light industrial property
- Dual‑tenanted income profile
- Net income of $142,614 p.a. + OPEX + GST
- High‑stud warehouse with gantry crane
- Four driveways providing drive‑through access
- Prominent corner site
- Tightly held New Lynn industrial precinct
More information: https://www.colliers.co.nz/p-NZL67039945
