Listing #:1659219360

Split-risk with Future Development Upside

Location: 16 Spartan Road, Takanini, Papakura, Auckland
Property use: Industrial
Floor area: 4,813-4813m2
Land area: 22100m2
Price: To be sold by deadline sale (by 11 Jul)
This property has it all! Split-risk, development upside, motorway profile, excellent SH1 access, heavy industry zoning, well-established tenants and a location that is going from strength to strength. The building is tenanted by Steltech, a wholly owned subsidiary of New Zealand Steel Ltd, and IMG, an industrial services specialist. The yard is tenanted by Celtec Transport and Fulton Hogan and is currently well below market rentals so you can add some immediate value to your investment. Seize this opportunity now!
Features:
* Split-risk investment
* Returning $564,262 net per annum plus GST
* 2.21ha freehold Site
* Close to SH1
* Excellent exposure
* Low site coverage
* Heavy Industry zoning

Agency reference #: 202944
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Deadline sale
16 Spartan Road, Takanini, Papakura, Auckland
Deadline sale
Listed: Fri 8 Jun, 9:36 am
Hamish West
Colliers International South Auckland, (Licensed: REAA 2008)
  • Contact details
  •  (09) 3568964
  •  (021) 882737

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Agent's details

Hamish West
  •  (09) 3568964
  •  (021) 882737
Andrew Hooper
  •  (09) 3589889
  •  (021) 370099
Colliers International South Auckland, (Licensed: REAA 2008)
(09) 3581888
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Expires: Mon 19 Nov, 8:15 am
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