26A Honan Place, Avondale, Auckland City, Auckland

• Net income: $85,000pa + GST
• Brand-new three-year lease with built-in rental increases
• Total floor area: 390sqm (approximately)
• Refurbished building
• Five (5) allocated car parks
• Three-phase power supply

A rare opportunity to acquire a premium passive industrial investment in the coveted Rosebank Peninsula has emerged. This recently refurbished 390sqm (more or less) road-front industrial property on Honan Place offers a turnkey solution for investors. The new lease agreement, featuring an initial three-year term with built-in rental increases to ensure growth. In addition, the lease also includes a security bond and personal guarantees, providing additional security and peace of mind for investors.

Strategically located just 2.7km from the Northwestern Motorway, 11km from Auckland's CBD, and 18km from Auckland International Airport, this site boasts excellent accessibility to key transport routes. The extensive refurbishment ensures that the property meets modern standards and tenant requirements, making it an attractive option for potential occupants.

The Rosebank Peninsula remains one of Auckland's most sought-after industrial locations, benefiting from ongoing infrastructure investment that enhances its long-term value. With strong tenant demand and a reputation for hosting blue-chip tenants and major national occupiers, this investment opportunity stands out even more with its brand-new lease, which is backed by a bond, providing immediate returns and security for investors.