Listing #:2155301904

Wairau Road Tenanted Investment

Location: 120 Wairau Road, Wairau Valley, North Shore City, Auckland
Property use: Industrial
Floor area: 860-860m2
Land area: 1525m2
Price: To be sold by auction on 3 Jul
A high profile, Wairau Road investment is now available for the first time after 24 years, the proud owners have decided now is the time to move on.

Sitting on an enviable 1,525m² freehold title on one of the North Shore’s most prestigious arterial routes, 120 Wairau Road has a commanding 860m² building with massive visibility and signage opportunity to the large amount of passing traffic. The building provides a generic layout with glazed front showroom, first floor office and medium stud warehouse with roller door entry, excellent natural light, ample on-site car parking and a fully secure side yard.

With 30 years in business, Tile Warehouse has reached unprecedented status as a supplier of first-quality tile and stone including porcelain, ceramic, glass and metal tiles, mosaics and natural stone..

The tenant has recently signed on for a further 6 years with the current annual income of $179,327 net + GST.

The Wairau Valley Commercial and Light Industrial precinct is within close proximity to the Auckland CBD via the Northern Motorway and has a well-established surrounding residential catchment.

Opportunities to acquire investment stock, albeit on Wairau Road – the most tightly held Road are rare to the market.

The property will be Auctioned on Wednesday 3rd July 2019 and will not be sold prior.

Inspection by appointment only so call today.
Features:
* National Brand: Tile Warehouse
* 15 stores nationwide
* Over 30 years in business
* Returning net $179,327 pa + GST
* Established tenant with new 6 year lease
* Freehold Title 1525 m²
* Building Area 860 m² (approx)
* Road front standalone building
* Vendor upgrading premises

Agency reference #: 213374
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To be auctioned
120 Wairau Road, Wairau Valley, North Shore City, Auckland
To be auctioned
Listed: Mon 20 May, 9:23 am
Euan Stratton
Colliers International North Shore, (Licensed: REAA 2008)
  • Contact details
  •  (09) 4884779
  •  (027) 5807439

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Agent's details

Euan Stratton
  •  (09) 4884779
  •  (027) 5807439
Janet Marshall
  •  (09) 4884775
  •  (021) 684775
Colliers International North Shore, (Licensed: REAA 2008)
(09) 4884777
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Expires: Fri 9 Aug, 5:24 pm
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