Blue Chip Investment with Further Site Expansion

Situated on a total land area of 1.37 hectares, this building was designed and built by Bell Tea and Coffee Company Limited for their long term occupation. With additional expansion land of circa 4,000sqm (more or less) to the rear of the warehouse, the site provides for the possibility of future expansion of the existing building or an entirely new development. \n\nReturning a net rental income of $630,080 per annum and located within the established and well regarded Auckland industrial suburb of East Tamaki, this is a fantastic opportunity for investors and developers.\n \n- High quality design and build\n- Excellent profile road frontage \n- Situated on a total land area of 1.37ha with opportunity for further development expansion\n- Returning a net income of $630,080 per annum \n- Long lease with final expiry 30th September 2037\n- 61 carparks on-site \n\nPROPERTY DETAILS:\nNet Lettable Area: 5,464sqm (approx)\nLand Area: 1.3745 hectares\nCarparks: 61 \nZoning: Business 6\n\nTENANCY DETAILS:\nName of Tenant: Bell Tea and Coffee Company Limited\nTerm of Lease: 12 years\nCommencement Date: 1st October 2013\nRights of Renewal: 3 x 4 years\nFinal Expiry: 30th September 2037\nRent Reviews: Rent reviews every year to CPI and to market every third anniversary\nCurrent Net Rental: $630,080 per annum\n\nFor Sale by International Tender, closing 4pm, Thursday 7th August 2014 (will not be sold prior) \n\nFor more information on this property, please get in touch with the project team or view online at www.thebellteaportfolio.co.nz\n