53 Ben Lomond Crescent, Pakuranga Heights, Manukau

Standalone industrial - Eight year lease

Bayleys are proud to present this essential industrial investment on a prime, fee simple corner site in the tightly held and sought after Pakuranga industrial precinct.

Key features include;
• Eight (8) year lease with further rights of renewal
• Fixed annual rental growth plus market reviews
• High profile freehold land holding
• Dual street access

Set on a 2,016sqm (more or less) corner site, the property boasts approx. 90m of street frontage on Ben Lomond Crescent and Rylock Place offering potential for dual street access. Three roller doors and clear span warehousing allow for maximum efficiency and the low office ratio makes for a generic and sought after building footprint (totalling 999sqm of floor area).

The tenant - La Maison Foods are a long standing occupier in the area of over 25 years and manufacture and distribute a range of well-known Mexican food brands. The eight year lease with further rights of renewal provides fixed 2.5% annual rental growth, market rent reviews, a bank guarantee and numerous other landlord favourable terms including the option for the landlord to re-instate the building to generic warehouse or keep the base fitout at the tenants cost.

This is great bottom drawer investment with development upside at an attractive yield. Call the sole agents now to register your interest.

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

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