46 Greenmount Drive, East Tamaki, Manukau

Bottom draw investment with healthy return

• New eight (8) year lease to an essential food business
• Prime road frontage position on Greenmount Drive
• Returning $430,000 pa net plus GST with fixed annual growth
• Total building area 2,372sqm on 4,001sqm of freehold land

46 Greenmount Drive presents an attractive bottom draw investment opportunity to an essential business. Highlighted by a new eight year lease with fixed annual rental growth and a mid term market review, this lease will provide a new owner good secure, compounding returns. The tenant Viand foods is the parent company of two well-known and longstanding manufacturers and suppliers, Leonard's and the Swiss Deli. The business services over 600 customers including all major supermarkets, Gilmours and The Aussie Butcher to name a few.

The property is a well presented industrial facility that features single level office and retail shop at the front with a large warehouse that has been fit out for food production. The property has recently undergone a significant refurbishment and plant upgrade. Constructed in the early 90's the building is fairly modern and is a mixture of concrete tilt panel and EPS paneling with a coloursteel roof.
Greenmount Drive is a well sought after East Tamaki location with high traffic counts and proximity to Ti Rakau Drive and provides two options to access SH1 via Highbrook Drive and Ti Rakau Drive.

Any investor with an appetite for a healthy yield to a well established operator should seriously consider this opportunity.

Nelson Raines
021 555 673
nelson.raines@bayleys.co.nz

James Hill
021 599 529
james.hill@bayleys.co.nz