3/273 Neilson Street, Onehunga, Auckland

Industrial investment - new six year lease

• New six-year lease to established tenant returning $241,940 pa net + GST
• Lease includes a six-month bank bond and 3% annual fixed growth
• Located within Auckland's most prestigious new gated industrial development
• High profile position comprising, showroom, office and warehouse

Magnificently located on the cusp between Penrose and Onehunga, Woollen Mills is a mere 15-minute drive from the Auckland CBD with swift and easy motorway access via State Highway 1 and State Highway 20 both north and south. The warehouse features a large roller door, wide internal roading with easy truck manoeuvrability. Woollen Mills boasts six access points from three road frontages to aid the pick up and delivery of goods.

This brand new industrial building has been leased long term to a national company
with rights of renewal to 2032.

The building comprises high stud warehouse (7.5m - 9.5m) being tilt slab and clear span with ground floor showroom and first floor office with full amenities. Exclusive container set down areas are outlined for both 20ft and 40ft containers and the development has been designed to provide fantastic traffic flow throughout the complex and is fully gated providing extra security. This is a true passive industrial investment.

James Valintine
021 0237 1868
james.valintine@bayleys.co.nz

Sunil Bhana
021 938 660
sunil.bhana@bayleys.co.nz

James Hill
021 559 529
james.hill@bayleys.co.nz