

Listing Description
LONG TERM PASSIVE INVESTMENT
1940 Great South Road, Bombay, Franklin, Auckland
Asking price $7,300,000 + GST (if any)
Details
Attribute | Value |
---|---|
Property use | Industrial |
Agency reference | 4073573 |
Description
2.3230 hectare Rural - Rural Production zoned land with a 1,734m² warehouse, 298m² of offices, and two yard areas of 3,500m² and 1,100m² backing onto the Southern Motorway and central to the Bombay interchange and service centre.
Leased to an established transport company for a first term of 10 years with 2 x 5-year rights of renewal for an annual rental of $461,500 plus GST and OPEX.
An L-shaped steel portal-framed warehouse with an office and amenity section at one end. The building has a stud height of approximately six metres.
On completion of the proposed renovations, the areas will be as follows:
- 1,734m² - closed-in warehouse
- 147.81m² - ground office
- 150.31m² - upper office
- 3,500m² - main yard (excluding access)
- 1,100m² - new yard
Road frontage of 272 metres onto State Highway 1 provides good exposure to passing traffic, and the property also boasts three water tanks, located at the rear of the warehouse, collecting roof run off.
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