A/521 Rosebank Road, Avondale, Auckland

A grade Rosebank industrial at a steal

• High-stud 1,087sqm (more or less) industrial building
• Fixed rental growth
• Modern design - tilt slab construction and high warehouse ratio
• Prime Rosebank Road location
• Excellent buying well below replacement value

This well-presented industrial building on Rosebank Road presents an excellent opportunity for passive investors and future owner occupiers alike. The building comprises a substantial 715.1sqm (more or less) of clear-span warehouse with a stud height ranging from 7.0 to 8.2m, accessed via two full sized electric roller doors. The property features 292.5sqm (more or less) modern offices and showroom split over 2 levels. Upstairs there are several partitioned meeting/board rooms, an area of open-plan office and a portion of mezzanine storage (79.4sqm more or less). The reception area, showroom, lunchroom and amenities are located downstairs, which provides a highly efficient workplace layout. The building has ample space directly outside the warehouse for container devanning and includes 16 allocated car parks.

The building is currently leased to Score Sportswear Limited (Lotto sportswear NZ), returning $195,000 net rent pa with fixed growth of 2% pa. The current lease term expires in Q2 2025 and the business has occupied the building since completion.

This property will sell significantly below replacement value and there is real value to be capitalised on for the astute investor (including a favourable yield), call the sole agents for further property details or to arrange a viewing.

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

Sam Raines
021 028 66812
sam.raines@bayleys.co.nz

Mark Preston
027 393 9286
mark.preston@bayleys.co.nz