38 Richard Pearse Drive, Mangere, Manukau

Triple Income Investment

- Well established tenants
- Well established location
- IEP greater than 100% (NBS) which is equivalent to an A+ grade
- Returning $351,750pa+ GST and OPEX from three (3) tenancies

This is a handsome road-frontage property with easy access, good parking and a canopied north-east facing secure yard area. The main component of this property comprises a high stud warehouse, which in conjunction with 40 Richard Pearse Drive (at the rear) has served as Early Settler Furniture Distribution Centre since 2009. The office component was professionally converted in 2007 to serve as a 24/7 gym with excellent amenity levels and complete with an Active Physio practice, all of which have proven to be well patronised.

The property is neighboured by good brands such as Maui (owned by Tourism Holdings
NZ), The Four Seasons Hotel, The Grand Chancellor, DB Schenker, etc., and is within minutes of motorway interchanges and Auckland Airport. On a wider scale, the property also enjoys close proximity to the airport precinct, amenities such as bus routes, banks, cafes, retail and a huge range of service providers.

This is an excellent opportunity to secure a well-presented industrial property with quality
tenants.