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Rare freehold investment on Rennie Drive

10 Rennie Drive, Mangere

Industrial Buildings
gavel

Auction

Floor area
997m2
Land area
1656m2
Title type
Freehold
On this page:

Auction

Wednesday
11:00am
Bayleys House, 30 Gaunt Street, Auckland Central
29
Jul

Map

Property details

Listing # 1906877 | Listed on 25 June
  • Split-risk investment returning net $206,947pa + GST
  • 1,656sqm (more or less) fee simple landholding
  • Two industrial tenancies totaling 997sqm (approximately)
  • Business - Light Industry zoning

Bayleys is pleased to present this well presented split-risk industrial investment opportunity. Strategically positioned at the airport precinct, one of Auckland’s most tightly held industrial precincts.

The property generates a combined net rental income of $206,947pa + GST from two tenancies, providing investors with the benefit of diversified cash flow and reduced tenancy risk. The improvements consist of two industrial tenancies comprising well-presented office and clear span warehouse with associated off street parking and yard space.

Industrial investments offering multiple income streams, quality improvements, and strong tenant covenants are becoming increasingly difficult to secure. Don’t miss out, call now!

Ash Martinus
022 343 9319
ash.martinus@bayleys.co.nz

Greg Hall
021 023 21884
greg.hall@bayleys.co.nz

James Valintine
021 023 71868
james.valintine@bayleys.co.nz

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