Big Investment With Future Development Potential


17 Kahika Road, Birkdale

By Negotiation

Download Email
Big Investment With Future Development Potential | 17 Kahika Road, Birkdale | 1500348 |      X Close
Image
Description

Big Investment With Future Development Potential


- Large industrial investment currently returning $735,000 pa

- Brand new six year lease in place with multinational tenant

- Site area of 1.6664 hectares with subdivision and development potential

- Fixed rental increases of 3% per annum

A huge opportunity to secure a substantial industrial investment on the North Shore, with good access to the CBD and port, has presented itself. Leased for six years, this site offers plenty of avenues to the astute investor. It benefits from two entry points which allows complete drive around access. The current owner also built an A grade warehouse of 2,114sqm (approximately) in 2012 which is 13 metres high and has the capacity to hold up to 3,000 pallets. With surplus land, the lease has been structured to offer the existing tenant an expansion option, and also gives the new owner development opportunities in the future.

Site Area = 1.6664 hectares

Total Floor Area = 6,021sqm

Ashphalt Yard = 1,000sqm

Expansion Yard = 3,250sqm

All areas are approximate.

Currently tenanted on a six (6) year lease term, with a commencement date of the 1st of July 2016, and producing a net rental of $735,000pa + GST and outgoings.