Kingsland
383 New North Road, Kingsland, Auckland
+9
New 10-year lease to Plumbing World
• Fully refurbished showroom/warehouse with 10-year lease to Plumbing World
• Returning $261,600pa + GST with fixed growth throughout the lease
• High-profile Kingsland location with two road frontages and off-street car parking
• Underpinned by 1,089sqm (more or less) land zoned Business - Mixed Use
• An immaculate investment with strong tenant covenant
A rare opportunity to secure a hands-off investment in the city fringe with a new 10-year lease and strong tenant covenant. The tenant, Plumbing World is an established and proven brand with 58 locations throughout New Zealand. Following a comprehensive refurbishment internally and externally in 2020, including seismic upgrade, the property now features an immaculately presented showroom fronting New North Road, with high stud warehousing at the rear accessed from a second road frontage.
The property is underpinned by 1,089sqm (more or less) of fee simple land, zoned Business - Mixed Use, further adding to the value proposition of this strategic opportunity.
A bottom drawer investment in a sought-after location not to be missed. Call now for further information.
Damien Bullick
+64 22 420 6845
damien.bullick@bayleys.co.nz
Alan Haydock
+64 21 532 121
alan.haydock@bayleys.co.nz
Damien Bullick
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Alan Haydock
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Features
Available
Fully refurbished showroom/warehouse with 10-year lease to Plumbing World
Lease term
Returning $261,600pa + GST with fixed growth throughout the lease
Location
High-profile Kingsland location with two road frontages and off-street car parking
Land area breakdown
Underpinned by 1,089sqm (more or less) land zoned Business – Mixed Use
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