Wairau Valley Industrial - Renewed Six Year Lease


A/21 Porana Road, Wairau Valley

By Negotiation

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Wairau Valley Industrial - Renewed Six Year Lease | A/21 Porana Road, Wairau Valley | 1501369 |      X Close
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Wairau Valley Industrial - Renewed Six Year Lease


- 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

- Building Area 1,848sqm (approximately)

- Light Industry zoning under AUP (OP)

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.

Tenancy Details:

Name of Tenant - Apollo Group Limited

Term of Lease - Six (6) years

Commencement Date - 1st November 2017 (renewed)

Rights of Renewal - One (1) of six (6) years

Net Rental - $255,000pa net + GST

For Sale by Private Treaty

Matt Mimmack

North Shore Commercial

Licensed under the REA Act 2008

Mobile: +64 21 229 5878
Office: +64 9 489 0815
matt.mimmack@bayleys.co.nz
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Ranjan Unka

North Shore Commercial

Licensed under the REA Act 2008

Mobile: +64 21 711 755
Office: +64 9 489 0988
ranjan.unka@bayleys.co.nz
View profile

Sunil Bhana

Auckland Central

Licensed under the REA Act 2008

Mobile: +64 21 938 660
Office: +64 9 375 8438
sunil.bhana@bayleys.co.nz
View profile

A/21 Porana Road, Wairau Valley

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Matt Mimmack

North Shore Commercial

Licensed under the REA Act 2008

Mobile: +64 21 229 5878
Office: +64 9 489 0815
matt.mimmack@bayleys.co.nz
View profile

Ranjan Unka

North Shore Commercial

Licensed under the REA Act 2008

Mobile: +64 21 711 755
Office: +64 9 489 0988
ranjan.unka@bayleys.co.nz
View profile

Sunil Bhana

Auckland Central

Licensed under the REA Act 2008

Mobile: +64 21 938 660
Office: +64 9 375 8438
sunil.bhana@bayleys.co.nz
View profile