7-9 Grayson Avenue and 2 Brett Avenue, Papatoetoe, Manukau

Cavalier Bremworth National Property Portfolio

• Large well located industrial landholdings totalling 70,740sqm(more or less)
• Returning $3,100,000 net rental (per annum)
• Long 8.6 year WALT

Bayleys Real Estate Limited is pleased to offer the Cavalier Bremworth national property portfolio to the market on a sale and leaseback basis. The three properties are to be offered for sale individually or together by way of Private Treaty.

Cavalier Bremworth has been voted NZ's Most Trusted Brand in the carpet category of the annual Readers' Digest poll for six years running (2014 - 2019). Cavalier Bremworth is a fully owned subsidiary of Cavalier Corporation, which is listed on the New Zealand Stock Exchange. Other companies owned or majority owned by the corporation include Norman Ellison Carpets and wool brokers Elco Direct Limited. The Cavalier Bremworth national property portfolio offers investors three properties being 7-9 Grayson Avenue, 2 Brett Avenue and 9 Brett Avenue, Auckland, 4-6 Waitangi Road, Napier and 17-19 Leamington Street and 14 Beaumaris Avenue, Whanganui.

The value of this opportunity is under-pinned by each of the properties substantial freehold landholdings, along with a tenant that is well entrenched reflected by the long lease terms Cavalier Bremworth have committed to each site. National Industrial Investments offering a long WALT and significant underlying land values are rare. Factoring in potential redevelopment and expansion opportunities within the foreseeable horizon, the offering provides a compelling Industrial investment portfolio with geographic spread.

For further information, contact the SOLE Agents today

James Valintine
021 023 71868
james.valintine@bayleys.co.nz

James Hill
021 599 529
james.hill@bayleys.co.nz

Scott Campbell
021 414 107
scott.campbell@bayleys.co.nz