Listing #:2155745162

Split risk high profile industrial investment

Location: 100 Princes Street, Onehunga, Auckland City, Auckland
Property use: Industrial
Floor area: 911m2
Price: To be sold by auction on 26 Jun
• Two new lease terms of six and four years returning $107,500pa + GST
• Refurbished building with 70 NBS%
• 1,067sqm (more or less) freehold site
• High profile position in sought after Onehunga locality Situated on Princes Street, Onehunga the property represents a fantastic opportunity to invest in a refurbished building with a strong lease profile and assurity of income making for a low risk purchasing option for the discerning investor.
A functional workhorse logically split into two tenancies, the demand for space of this nature underpins the sound investment attributes of the property with industrial vacancy in the area, one of Aucklands most sought after at all time lows. Future rental growth through the contracted lease terms leaves future upside in the asset for a savvy purchaser to realise.
A well presented freehold industrial with a strong WALT in Onehunga this is not to be missed.

Please note that the boundary lines in the photographs are indicative only.

Agency reference #: 1502551
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To be auctioned
100 Princes Street, Onehunga, Auckland City, Auckland
To be auctioned
Listed: Mon 20 May, 5:20 pm
Michael Nees
Bayleys North Shore Commercial - Devereux Howe-Smith Realty Limited, (Licensed: REAA 2008)
  • Contact details
  •  (09) 4890963
  •  (021) 1823085

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Agent's details

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Michael Nees
James Valintine
Bayleys North Shore Commercial - Devereux Howe-Smith Realty Limited, (Licensed: REAA 2008)
(09) 4890999
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Expires: Tue 13 Aug, 12:35 am
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