Split risk investment
Split risk investment
6 Andrew Baxter Drive, Mangere
6 Andrew Baxter Drive, Mangere
Asking Price NZD $4,800,000 + GST (if any)
Asking Price NZD $4,800,000 + GST (if any)
Listing ID 1902076
Details
Asking Price NZD $4,800,000 + GST (if any)
| Floor area | 1,493sqm |
| Land Area | 4,047sqm |
| Annual | Returning $191,250pa net from two of three tenants Opportunity to negotiate new lease with third tenant |
| Building area | 1,493sqm (approximately) |
| Location | Tightly held and popular Airport Oaks precinct |
| Site area | 4,047sqm (approximately) |
Description
Split risk investment
• 1,493sqm over two separate buildings
• 4,047sqm freehold site
• Three sperate tenancies
• Opportunity to negotiate a brand new lease over one of the tenancies available
• Potential market rental of $249,000pa + GST & OPEX
• Zoned light industrial
This is a fantastic opportunity for the astute investor to get their hands on a split risk investment with an add value upside situated in the heart of the Airport Oaks industrial precinct.
The property is well presented and consists of clear span warehouse with office/amenities across two buildings. The site provides ample car parks along with drive through access
The Airport Oaks precinct continues to be a highly desirable and sought after industrial location and is home to some of the world's largest freight and logistics companies. With new roading upgrades this precinct has easy access to the other main industrial precincts of Wiri, Penrose, Onehunga and Mt Wellington.
Opportunities like this rarely present themselves in today market so call the SOLE AGENTS today for full information and viewing details.
Nick Bayley
021 174 2440
nick.bayley@bayleys.co.nz
Karl Price
021 552 503
karl.price@bayleys.co.nz
Tom Davison
021 880 733
tom.davison@bayleys.co.nz
Nick Bayley
Manukau
Licensed under the REA Act 2008
| Mobile: +64 21 174 2440 |
| Office: +64 9 273 6666 |
| nick.bayley@bayleys.co.nz |
Karl Price
Manukau
Licensed under the REA Act 2008
| Mobile: +64 21 552 503 |
| Office: +64 9 273 6666 |
| karl.price@bayleys.co.nz |
Tom Davison
Manukau
Licensed under the REA Act 2008
| Mobile: +64 21 880 733 |
| Office: +64 9 273 6666 |
| tom.davison@bayleys.co.nz |
Details
Asking Price NZD $4,800,000 + GST (if any)
| Floor area | 1,493sqm |
| Land Area | 4,047sqm |
| Annual | Returning $191,250pa net from two of three tenants Opportunity to negotiate new lease with third tenant |
| Building area | 1,493sqm (approximately) |
| Location | Tightly held and popular Airport Oaks precinct |
| Site area | 4,047sqm (approximately) |
6 Andrew Baxter Drive, Mangere
Open in map
Nick Bayley
Manukau
Licensed under the REA Act 2008
| Mobile: +64 21 174 2440 |
| Office: +64 9 273 6666 |
| nick.bayley@bayleys.co.nz |
Karl Price
Manukau
Licensed under the REA Act 2008
| Mobile: +64 21 552 503 |
| Office: +64 9 273 6666 |
| karl.price@bayleys.co.nz |
Tom Davison
Manukau
Licensed under the REA Act 2008
| Mobile: +64 21 880 733 |
| Office: +64 9 273 6666 |
| tom.davison@bayleys.co.nz |