Listing #:2156624101

High calibre investment

Location: 120 Wairau Road, Wairau Valley, North Shore City, Auckland
Property use: Industrial
Floor area: 860m2
Land area: 1525m2
Price: To be sold by auction on 3 Jul
• Prime road front freehold industrial investment
• New six (6) year lease to national tenant
• Returning $179,327pa + GST and outgoings
• Highly sought after tightly held high growth location

Situated on the Wairau Valley's main arterial Wairau Road, the property benefits from excellent exposure and profile in this premium location. A functional showroom, office and storage building, the property is currently tenanted by the Tile Warehouse a recognised national brand who have been in occupation for 24 years and have recently recommitted to a renewal for a further six years providing an excellent income profile. The Wairau Valley is a bustling commercial hub located in the centre of the North Shore with immediate access via Tristram Avenue to Auckland's motorway network. The area is home to a range of businesses and popular brands that underpin the precincts commercial desirability including Mitre 10, Bunnings, Tristram European, Supercheap Auto and Repco.

Strong investment assets are hard to find in a tight market and a combination of lease tenure, tenant covenant and seismic profile (75% IEP) will not only keep the bank manager happy and provide the next lucky owner with the peace of mind of a sound investment in a proven location.

Agency reference #: 1502556
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To be auctioned
120 Wairau Road, Wairau Valley, North Shore City, Auckland
To be auctioned
Listed: Tue 21 May, 10:45 am
Alex Strever
Bayleys North Shore Commercial - Devereux Howe-Smith Realty Limited, (Licensed: REAA 2008)
  • Contact details
  •  (09) 4890969
  •  (021) 673969

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Agent's details

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Alex Strever
Michael Nees
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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