1/5 Mahunga Drive, Mangere Bridge, Manukau

7% return with seven years remaining

• Long-term lease returning $293,550pa net + GST and outgoings
• Excellent lease terms with fixed rental growth and market reviews
• Excellent warehouse/office ratio with total floor area of 1,666sqm (approximately)
• Great location within close proximity to State Highway 20

Situated strategically with road frontage along Mahunga Drive, this industrial investment property has recently undergone an extensive refurbishment, elevating it to a high standard. The building comprises a clear-span warehouse, boasting numerous roller door entry points for versatile access. Modern office facilities span across two levels, providing a comfortable work environment, and has ample secure parking located at the front of the site. The property is currently under an initial eight year lease, with attractive rental growth provisions, making it a compelling investment opportunity.

The property is conveniently located only a short distance from the State Highway 20 onramp, providing easy access to Auckland International Airport, just 8.5km away, as well as being 20km from Auckland's bustling CBD. The surrounding area is a key hub for commercial and industrial activities, with a residential population including Mangere Bridge. For investors seeking a favorable yield, this property's versatile building layout, favorable lease terms, and desirable industrial setting make it a must-consider opportunity.

James Valintine
+64 21 023 71868
james.valintine@bayleys.co.nz

James Hill
+64 21 599 529
james.hill@bayleys.co.nz

William Gubb
+64 21 145 6811
william.gubb@bayleys.co.nz