A-grade industrial investment - 10 year lease


34 Apollo Drive, Albany

Private Treaty

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A-grade industrial investment - 10 year lease | 34 Apollo Drive, Albany | 1503385 |      X Close
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A-grade industrial investment - 10 year lease


Finally, a stunning standalone Industrial investment worthy of your attention.

Taking pride of place on the ever-popular Apollo Drive on Auckland's North Shore, this prize asset offers a new 10-year lease to its anchor tenant and will sit proudly in your portfolio.

Currently occupied by RPM International Tool & Die Limited as well as Mitre 10 New Zealand Limited, the contract rentals combine to $492,080 pa plus GST plus outgoings.

Situated on a high profile freehold site with wide street frontage, the building was purpose built to allow for future growth of RPM, but also allows for a split tenancy arrangement which is currently in place.

With an A-grade seismic rating of 92% and a warehouse stud height of 7.8 - 9 metres, the quality of the asset is on par with new builds, but in a sought after location.

Warehouse construction is full height pre-cast concrete tilt-slab panels and the main offices at the front of the building are fully air conditioned.

Opportunities of this calibre rarely come to the open market. Please call one of the preferred joint sole agents today for further information or to arrange an inspection.

Key Features:

• Freehold site of 5,160sqm (more or less)

• Total building area of 3,368sqm (approximately) including canopy

• A-grade seismic rating of 92

• New 10 year lease to anchor tenant from 1st June 2020

• Dual tenancy providing for future expansion

• Zoned General Business

• 53 car parks onsite

• Combined contract rental of $492,080 pa plus GST plus outgoings.

For sale by Deadline Private Treaty (unless sold prior) Closing 4.00pm, Thursday 2nd July 2020

34 Apollo Drive, Albany

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