Industrial Investment - 10 year lease
• Well-established occupier that has invested significantly in its operation
• Long-term lease returning a net rental of $511,050pa + GST
• CPI-based rental growth mechanism and bank guarantee in place
• Freehold standalone industrial buildings
• Excellent central isthmus location, close to all transport links
An entrenched tenant that has been in occupation since 1995, with significant improvements having been made to support its cosmetics manufacturing business. The Cosmetic Company is GMP-certified and manufactures products for local and offshore markets.
Comprised within two standard warehouse structures, one of which is substantially open to provide storage and distribution, with the adjoining structure more intensively developed with improvements over two levels comprising lab spaces, specialist manufacturing areas, staff amenities and office accommodation.
An established and sought after industrial location in central of Penrose and close to Auckland's motorway network.
• Long-term lease returning a net rental of $511,050pa + GST
• CPI-based rental growth mechanism and bank guarantee in place
• Freehold standalone industrial buildings
• Excellent central isthmus location, close to all transport links
An entrenched tenant that has been in occupation since 1995, with significant improvements having been made to support its cosmetics manufacturing business. The Cosmetic Company is GMP-certified and manufactures products for local and offshore markets.
Comprised within two standard warehouse structures, one of which is substantially open to provide storage and distribution, with the adjoining structure more intensively developed with improvements over two levels comprising lab spaces, specialist manufacturing areas, staff amenities and office accommodation.
An established and sought after industrial location in central of Penrose and close to Auckland's motorway network.
Key features
Floor area details
2,655sqm (approximately)
Land area breakdown
2,595sqm (more or less)
Lease
Leased to The Cosmetic Company NZ Limited for 10 years from 1 April 2025 at a net rental of $511,050pa + GST and outgoings
Zoning
Business - Light Industry
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