SOLE AGENCY
Key features:
- 20-year lease to an established occupier
- Returning net income of $1,298,085pa + GST
- 10-year Rights of Renewal thereafter
- Fixed 3% annual rental growth plus market reviews
- Brand new industrial facility
- Significant tenant capital investment within the property
- Prime location within the Drury South Crossing Industrial Precinct
Bayleys is pleased to offer for sale 26 Toiawaka Road, Drury, a brand-new industrial investment underpinned by a rare 20-year lease to an established occupier.
Positioned within the rapidly expanding Drury South Crossing Industrial Precinct, the property comprises a newly developed industrial facility purpose-built to support the tenant's long-term operational requirements.
A key feature of the investment is the significant capital commitment made by the tenant within the property, reflecting a substantial investment in the location and reinforcing the strategic importance of the facility to its operations.
Returning net income of $1,298,085pa + GST and outgoings, the lease provides fixed 3% annual rental growth together with periodic market reviews, delivering a structured income profile over the long term.
Opportunities to acquire brand new industrial assets with a 20-year lease term are exceptionally limited. Investors seeking long-dated income from a modern industrial facility in one of Auckland's premier growth locations should give this opportunity serious consideration.
For further information, contact the sole agents:
Greg Hall
021 023 21884
greg.hall@bayleys.co.nz
Paul Steele
021 494 111
paul.steele@bayleys.co.nz
