An established industrial investment at 18-20 Pukemiro Street, offering secure rental income from an existing tenant and a substantial freehold landholding across two titles. The property provides approximately 928sqm of building area on 1,112sqm of Heavy Industry-zoned land.
Investment Highlights:
Current net rental income of $146,401 p.a. + GST
Existing lease through to 1 May 2030
Two rights of renewal of four years each
Fixed 2% annual rental increases each May
Refurbished in 2020
Approx. 928sqm building area
Approx. 265sqm front yard and parking
1,112sqm freehold landholding across two titles
Potential to accommodate multiple tenancies in the future
Situated within Onehunga's established industrial precinct, Pukemiro Street offers convenient access to SH1, SH20 and key Auckland transport routes. The tightly held industrial area is well positioned for businesses servicing the wider Auckland market.
