Listing Description
Four titles with split-risk income and upside
1-4/16 Norrie Road, Drury, Papakura, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Industrial |
| Agency reference | 1906683 |
Description
Key features:
- Four (4) unit industrial complex with four (4) titles offered as one
- Split-risk income returning $114,574pa + GST upside from vacant units
- Business - Light Industry zoning in a high-growth Drury location near State Highway
- Motivated vendor with clear instruction to sell
Positioned within the rapidly growing Drury industrial precinct, this multi-unit industrial complex comprises four north-facing units on individual titles, offered together as a single holding. The property provides a combination of income and flexibility, with two units currently tenanted and two vacant, allowing for both immediate holding income and future leasing or owner-occupier upside.
Each unit is configured for functional industrial use, featuring clear-span warehouse space and roller door access, complemented by associated yard areas and onsite car parking. The total net lettable area is approximately 970.5sqm.
The site spans 6,710sqm (more or less), with good circulation for vehicles and equipment, although a portion of the land is impacted by the adjacent stream. The property is well suited to a range of buyers including investors seeking split-risk income, add-value buyers looking to lease the vacant units, or occupiers wanting to secure a foothold in a high-growth location.
Property Files
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