Auckland Portfolio Divestment
• A substantial industrial investment in one of Auckland's industrial hubs
• Triple-net-lease with fixed rent reviews
• Bank guarantee for 24 months rent and outgoings
• Significant landholding of 2.6174 hectares zoned Light Industry
100 Kerwyn Avenue is a substantial industrial landholding of over 2.6 hectares in East Tamaki's established industrial hub, underpinned by a strong triple net lease to Mr Chips Limited through to 2032 with one right of renewal. The lease includes a 24-month bank guarantee, providing investors with income security and fixed rental growth.
The property comprises 9,340sqm of improvements across two (2) manufacturing buildings, freezer and chiller facilities, grading areas, and office accommodation, with access via three (3) street crossings from Kerwyn Avenue.
Due to a change in the vendor's circumstances, this property forms one of four portfolio properties to be sold individually,
• Triple-net-lease with fixed rent reviews
• Bank guarantee for 24 months rent and outgoings
• Significant landholding of 2.6174 hectares zoned Light Industry
100 Kerwyn Avenue is a substantial industrial landholding of over 2.6 hectares in East Tamaki's established industrial hub, underpinned by a strong triple net lease to Mr Chips Limited through to 2032 with one right of renewal. The lease includes a 24-month bank guarantee, providing investors with income security and fixed rental growth.
The property comprises 9,340sqm of improvements across two (2) manufacturing buildings, freezer and chiller facilities, grading areas, and office accommodation, with access via three (3) street crossings from Kerwyn Avenue.
Due to a change in the vendor's circumstances, this property forms one of four portfolio properties to be sold individually,
Key features
Occupancy
Leased till 2031 with established Tenant anchored by bank guarantee
Growth
Fixed rental growth mechanisms in the lease
Location
Prime location in central East Tamaki industrial hub
Opportunity
Triple net lease in place
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