Rarely do affordable, fee simple industrial investments such as this come available to purchase. Long-term investors will be attracted to the strong fundamentals of the property such as the growth location, standalone site and long-term tenant. Pets in The City is a franchise business with three Auckland locations and have invested significantly in the building. Opened in 2020, the business is now well-established having completed one (1) and a half years of their six (6) year initial lease term.
Key Features:
• Freehold industrial investment
• Returning $97,152 plus outgoings plus GST
• 596sqm total floor area
• 995sqm total land area
• Elevated site
• Growth location
• Approximately 4.5 years remaining on the lease with rights to renew
• Fixed rental growth
• Entry level price point
Silverdale is one of Auckland's fastest growing locations with significant private and public investment in the immediate and nearby areas. Increased roading infrastructure and urban intensification are a sure to add to this well-established area for years to come.
For more information or to arrange an inspection, call one of the SOLE AGENTS below:
Tim Bull
021 127 1831
tim.bull@bayleys.co.nz
Chris Moore
021 039 7099
christopher.moore@bayleys.co.nz