Tenanted investment with redevelopment upside


11 A and B Bolderwood Place, Wiri

By Negotiation

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Tenanted investment with redevelopment upside | 11 A and B Bolderwood Place, Wiri | 1903900 |      X Close
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Tenanted investment with redevelopment upside


β€’ Returning $301,400pa net + GST from November 2022

β€’ 6,400sqm (more or less) freehold site with 1,248sqm (more or less) total building area

β€’ Development upside

β€’ Sought after and tightly-held location with access to main arterials

Located in the heart of the Wiri industrial precinct is this large generic-shaped site that will be returning $301,400pa net + GST from a long-standing tenant. The property comprises two freehold titles totalling 6,400sqm (more or less) with a total floor area of 1,248sqm (more or less). The warehouse and canopy are exceptionally functional along with the large yard and metalled areas providing ample storage and functional vehicle manoeuvrability for Opzeeland Transport who have occupied the site since 2006.

The site boasts development upside with the yard on the western side of the site which currently has a short term lease, this lends itself to either half-site development in the short term or a full site redevelopment at the expiry of the warehouse lease. Positioned only minutes from the Cavendish Drive interchange with SH20 providing both north and southbound access, in one of Aucklands most central logistics locations. The location has attracted a number of significant logistics operators due to the ease of access to Aucklands motorway network.

With industrial property emerging as the darling of all property investment classes in recent years and appearing to be least impacted by recent economic events, institutional grade, industrial assets of this scale so close to Auckland CBD rarely become available to purchase.

Opportunities like this rarely present themselves in todays market, so call now for further information and viewing details.

Tom Davison

021 880 733

[email protected]

Karl Price

021 552 503

[email protected]

Tom Davison

South Auckland

Licensed under the REA Act 2008

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Karl Price

South Auckland

Licensed under the REA Act 2008

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11 A and B Bolderwood Place, Wiri

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Tom Davison

South Auckland

Licensed under the REA Act 2008

View profile

Karl Price

South Auckland

Licensed under the REA Act 2008

View profile