Entry level industrial with State Highway profile

436A State Highway 26, Newstead


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Entry level industrial with State Highway profile | 436A State Highway 26, Newstead | 2311783 |      X Close

Entry level industrial with State Highway profile

•Enjoy the returns or occupy with your own business

•High yield opportunity returning $25,000 +GST net per annum

•234sqm approx. of floor area comprising warehouse and office space

•Sought-after lifestyle location in the heart of the golden triangle close to key transport links

Owner-occupiers or investors chasing a steady income will see great value in this property, offered for the first time in almost 25 years. It lies in the coveted golden triangle in Newstead's burgeoning lifestyle area, teetering on the city boundary.

With a State Highway profile, effortless access to the almost-completed Waikato Expressway and proximity to booming economies and populations, this unique proposition still has plenty of potential.

The property yields $25,000 +GST and outgoings per annum from an established tenant, but for the new owner there is also a right to earlier vacant possession. The land comprises a 1/4 share in a 4,074sqm cross-lease (more or less). Infrastructure includes a mixture of high-stud workshop space (with three-phase power) and separate offices, plus additional storage, yard space and parking, and there are further opportunities to add value.

Built in the mid-1930s as a dairy factory, this Art Deco-style property with heritage features has an underlying rural zoning and resource consent for industrial activity. Decades on, the changed nature of the area, the establishment of national transport networks and sprawling city growth bodes well for its future prosperity.

436A State Highway 26, Newstead

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