An excellent opportunity for investors to secure a quality industrial holding with long-term lease security in Hillsborough’s established industrial precinct.
Currently returning $96,363pa and increasing to $98,772pa + GST and OPEX on 1 February 2027, the property is leased to Leisure Tours on a near-new eight-year lease, providing dependable income and long-term security. The lease incorporates fixed annual rental increases of 2.5%, together with market rent reviews on every third anniversary of the commencement date, providing built-in rental growth over the lease term.
Property features
Returning $96,363pa + GST and OPEX
Near new eight-year lease to Leisure Tours
Fixed annual rental increases of 2.5% - due 1 February 2027
Market rent reviews every third anniversary of commencement
1,292sqm freehold Industrial General-zoned site
Approximately 637.3sqm of total building area
451.5sqm warehouse with three roller doors
185.8sqm of ground and first-floor office
80% NBS
16 on-site car parks
Quality industrial investments with long lease security and sound property fundamentals are tightly held. This is a compelling opportunity to secure a well-located industrial asset with dependable cashflow.
For sale by way of Auction (unless sold prior) at 11.00 am on Thursday 10 December 2026 at 3 Deans Avenue, Addington, Christchurch.
For Property Files, copy and paste the following link: https://www.propertyfiles.co.nz/5532267
Contact the sole agents today for further information or to arrange an inspection.
