9 Angle Street, Onehunga, Auckland

Passive split risk industrial investment

• Established and entrenched businesses providing a true split risk opportunity returning $462,400pa net + GST
• Freehold standalone buildings with high stud warehousing and good ratios of office to warehouse
• Large 5,650sqm site with modern functional buildings with great yard and parking
• Extremely rare opportunity in central Onehunga, one of Auckland's most highly-sought after industrial location
• Multiple future add value possibilities

This large freehold site comprises two standalone buildings built in the 1980's split into four tenancies. The two buildings are defined by a road front industrial building running East to West (tenancies A and B) and a further industrial building running North to South along the rear boundary (tenancies C and D).

The road front buildings comprise modern refurbished office and amenities over two levels with high stud, clear span warehouse with four roller doors. The rear tenancies are both extremely functional industrial buildings, comprising office, amenities and warehouse with two roller doors. Both rear tenancies have exclusive yard and parking areas. All tenancies have differing levels of office to warehouse ratios providing the overall an investor an opportunity to purchase a true split-risk, multi tenanted industrial investment.

Due to the nature of the site the vendors have also explored further intensification by construction of industrial units on the southern boundary and or splitting the buildings into smaller units. Details available upon request.

James Valintine
021 0237 188
james.valintine@bayleys.co.nz

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