Premium Orbit Drive Industrial
Currently returning $143,000pa + GST and outgoings, this is an outstanding opportunity to secure a premium industrial investment in one of Rosedale's most sought-after commercial locations.
Positioned prominently on Orbit Drive with approximately 35 metres of road frontage, the property is leased to long-standing international tenant Advanced Lighting Technologies (ADLT) under a six-year lease, with approximately four years remaining.
The tenant is open to discussions regarding an early exit from their lease commitment, creating a rare opportunity for both investors seeking immediate holding income and owner-occupiers looking to secure a high-profile industrial property with the potential for future vacant possession.
The property comprises a well-presented office, showroom and high-stud warehouse, complemented by 10 on-site car parks and exceptional signage exposure to Orbit Drive.
Contact the sole agents, Jaye Miller on 027 376 1118 or Matt Mimmack on 021 229 5878 for a full Information Memorandum or to arrange an inspection.
Key features:
• Premium investment with holding income and owner-occupier potential
• Returning $143,000pa + GST and outgoings per annum
• Six-year lease with approximately four years remaining
• Tenant open to discussions regarding an early lease exit, creating potential for future vacant possession
• 644sqm total floor area
• 10 on-site car parks
• Approximately 35 metres of prominent road frontage
• Excellent signage exposure in a high-profile location
Positioned prominently on Orbit Drive with approximately 35 metres of road frontage, the property is leased to long-standing international tenant Advanced Lighting Technologies (ADLT) under a six-year lease, with approximately four years remaining.
The tenant is open to discussions regarding an early exit from their lease commitment, creating a rare opportunity for both investors seeking immediate holding income and owner-occupiers looking to secure a high-profile industrial property with the potential for future vacant possession.
The property comprises a well-presented office, showroom and high-stud warehouse, complemented by 10 on-site car parks and exceptional signage exposure to Orbit Drive.
Contact the sole agents, Jaye Miller on 027 376 1118 or Matt Mimmack on 021 229 5878 for a full Information Memorandum or to arrange an inspection.
Key features:
• Premium investment with holding income and owner-occupier potential
• Returning $143,000pa + GST and outgoings per annum
• Six-year lease with approximately four years remaining
• Tenant open to discussions regarding an early lease exit, creating potential for future vacant possession
• 644sqm total floor area
• 10 on-site car parks
• Approximately 35 metres of prominent road frontage
• Excellent signage exposure in a high-profile location
Key features
Exposure
Significant road frontage width
Lease
Six (6) year term with approximately four (4) years remaining
Passing income
Returning $143,000pa + GST and outgoings
