Listing #:1456266492

Wairau Valley industrial - Renewed six year lease

Location: 21A Porana Road, Wairau Valley, North Shore City, Auckland
Property use: Industrial
Floor area: 1,848m2
Price: Price by negotiatio­n
- A highly desirable road frontage industrial investment on Porana Road
- Fully sprinklered warehousing with three (3) roller doors
- Renewed lease term of six (6) years
- Attractive office fit-out

This prize investment located in the tightly held Wairau Valley will appeal to the astute investor looking for a functional industrial asset. The property offers frontage to the busy Porana Road, with two (2) levels of office accommodation refurbished to a modern standard. The warehousing at the rear provides versatile space with full height roller door access.

The Tenant has recently renewed their lease for a further six (6) years with a bank guarantee and is currently returning $255,000pa net + GST.

Positioned in a high demand, low vacancy area the property provides fundamentally good real estate with a long term lease. Ideal for passive investors, family trusts and first time investors.

Agency reference #: 1684309
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Price by negotiation
21A Porana Road, Wairau Valley, North Shore City, Auckland
Price by negotiation
Listed: Wed 1 Nov, 10:25 am
Sunil Bhana
Bayleys Real Estate Ltd MREINZ, (Licensed: REAA 2008)
  • Contact details
  •  (09) 3758438
  •  (021) 938660

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Agent's details

Sunil Bhana
  •  (09) 3758438
  •  (021) 938660
Matt Mimmack
  •  (09) 4890815
  •  (021) 2295878
Bayleys Real Estate Ltd MREINZ, (Licensed: REAA 2008)
(0800) 2295397
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Expires: Mon 24 Dec, 11:15 am
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