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Wairau Valley, North Shore City, Auckland, 85-87 Ellice Road NSC37765

Deadline Treaty 31 Mar 2022
Unless Sold Prior

Multi Tenanted Split-Risk Industrial - Wide Road Frontage

85-87 Ellice Road, Wairau Valley is a smart multi tenanted industrial building enjoying a massive wide road frontage and yard area.

The building offers a split-risk income of $199,000 p.a. + GST + outgoings from four tenants. Rental reviews will provide growth from CPI and fixed increases.

Occupying a large level freehold site of 2,024 m² (more or less) the building comprises a total floor area of approximately 1,424sqm. Offering a functional mix of high stud warehouse (5 to 6 metres) plus showroom and office the property benefits from a large front yard (approx 800sqm) for car parking and display. Recent work to the building includes brand new roof, skylights and flashings to the warehouse.

Astute investors and potential owner-occupiers will appreciate that the building and large landholding offer numerous options for the future.

This is a first-class industrial investment in a tightly held, keenly sought after area on Auckland's North Shore.

For more information and an appointment to view please contact the sole agents at NAI Harcourts.

To download further information please copy and paste this link into your browser: http://www.propertyfiles.co.nz/property/NSC37765

NOTE: all outlines in images are indicative only

Main Property Features

Listing Number: NSC37765
Approx Floor Area:
1424 sqm
Land Size:
2024 sqm
Property Type:
Industrial
Approx Floor Area:
Office Square Metres: 283
Showroom Square Metres: 112
Warehouse Square Metres: 975
Stud Height Mtrs: 5
Land area:
Yard Square Metres: 800
Property Features:
Returning $199,000 net p.a. with growth in 2022 - CPI and fixed increases Building area 1,424m² (approx.) Land area 2,024m² (approx.) Outside area 800m²
Parking:
Carparks: 19
Property Details:
Tenanted Investment
Commercial information:
Zone: Business - Light Industry
Tenure:
Fee Simple
OPEX $:
42960.13
Photo of Tim Turner
Tim Turner
Licensed REAA 2008
Photo of Andrew Bruce
Andrew Bruce
Licensed REAA 2008

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