10 Lovegrove Crescent, Otara, Manukau

Dual access, fee simple, affordable industrial

10 Lovegrove Crescent presents one of the best opportunities on the market to secure a fee simple, no frills industrial asset with options galore.

• Occupy, invest or develop
• Low site coverage of 29.6%
• Holding income until final expiry in Q3 2023
• Entry level price point

Warehousing/workshop areas make up 551sqm (more or less) of the floor area with the remaining 143sqm (more or less) of office/amenities/mezzanine. The building provides a hard working, functional workspace.

Boasting a 2,329sqm (more or less) fee simple land holding, the property provides a large frontage onto Lovegrove Crescent and rear access to Kelpie Lane allowing a full drive-through site. The property enjoys efficient and largely unimpeded access to the motorway network whilst conveniently located less than five kilometres from the industrial hub of Highbrook Business Park.

The longstanding tenant provides a holding income of $72,000 pa net giving the incoming owner sufficient options to invest and add value, redevelop or occupy.

For any further information contact one of the agents below:

Nelson Raines
021 555 673
nelson.raines

Tim Bull
021 127 1831
tim.bull@bayleys.co.nz