18-20 Pukemiro Street, Onehunga, Auckland City, Auckland

A well-presented Onehunga industrial investment with an entrenched tenant is ready for a new owner. 

  Key details 

• Currently returning $146,401 pa net plus GST 
• 4 years remaining on the current lease term - 1 May 2030
• 2x 4 years rights of renewals 
• Fixed 2% annual growth every May

    The property itself comprises a substantial 1,112 sqm freehold landholding across two titles, zoned Heavy industry. The building area totals approximately 928sqm with a front yard/parking area of some 265sqm.    Refurbished in 2020, the generic layout mean the improvements have broad, timeless appeal to a wide range of industrial users.   The double-bay warehouse presents smartly and offers long-term flexibility, with the potential to split into multiple tenancies in the future if needed.   Pukemiro Street sits off Angle Street in the heart of Onehunga’s long-established industrial precinct - a highly sought-after, built-out location where land and buildings are tightly held and hard to replace.   As Auckland continues to grow and push outward, established central industrial pockets like Onehunga are only becoming more sought-after.      

Features:

• Well-entrenched tenant in a fully refurbished industrial building
• Substantial freehold landholding on two separate titles
• Fantastic location with access to amenities, transport links and both SH1 & SH20
• Desirable building configuration that provides scope for the future

More information: https://www.colliers.co.nz/p-NZL67040639