Rosebank Road industrial investment with upside


517 Rosebank Road, Avondale

Private Treaty

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Rosebank Road industrial investment with upside | 517 Rosebank Road, Avondale | 1694441 |      X Close
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Rosebank Road industrial investment with upside


• 519.1sqm (more or less) total building area

• High-stud warehouse

• Currently returning $48,802pa rent + GST

• Vacant office with separate access

• Split risk and owner occupier potential

• Future rental growth

• Ten allocated car parks

The 284.5sqm (more or less) high-stud, concrete block warehouse is highly versatile with a square, efficient configuration which is suitable for a wide range of business operations. The warehouse and 101.5sqm (more or less) ground floor office/showroom has been leased to a long-standing tenant, Glass Systems Limited, who have occupied the building since circa 2001. The tenant is currently paying $48,208pa rent + GST and outgoings, with a market rent review coming up in October 2022.

The building also features 133sqm (more or less) of modern upstairs office with a combination of open plan office and glass-partitioned meeting rooms with separate access, amenities and toilet facilities, which is currently vacant. This presents a good opportunity for owner occupiers to move into the office space and benefit from the income from the downstairs tenancy. This also benefits investors who could lease out the office or add value in the lease terms over the coming years to increase the buildings value. The unit comes with 10 allocated car parks located directly outside both the front and rear access points of the building, full electric roller door access and alarm systems.

Do not miss out on this opportunity, now is your chance to secure a well-located commercial investment with immediate upside in one of Aucklands premier industrial precincts.

The building is for sale by way of Deadline Private Treaty closing on the 3rd of August at 4:00PM Bayleys Northwest, 1/48 Maki Street, NorthWest Shopping Centre, Westgate, Auckland.

Contact the sole agents below to organize a building inspection.

Mark Preston

+64 27 393 9286

[email protected]

Sam Raines

+64 21 028 66812

[email protected]

Mark Preston

Northwest

Licensed under the REA Act 2008

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Sam Raines

Northwest

Licensed under the REA Act 2008

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517 Rosebank Road, Avondale

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Mark Preston

Northwest

Licensed under the REA Act 2008

View profile

Sam Raines

Northwest

Licensed under the REA Act 2008

View profile