Institutional-grade tenanted investment
Bayleys is pleased to offer Building A and B, 75 Waikura Road, Drury, an exceptional opportunity to acquire two substantial freehold industrial investments within one of New Zealand's fastest-growing logistics and industrial precincts.
The offering comprises two neighbouring, newly completed industrial facilities, both securely leased to Slumberzone New Zealand Limited, providing purchasers with strong holding income across a significant industrial landholding. Supported by modern improvements, long-term lease covenants and strong underlying land fundamentals, the property delivers an attractive combination of income security and future capital growth potential.
Opportunities to acquire neighbouring freehold industrial investments of this scale, fully leased to a proven occupier, are exceptionally rare, particularly within the tightly held Drury market.
Key features:
• Two brand-new freehold industrial facilities offered together
• Fully leased to Slumberzone New Zealand Limited
• Combined net rental income of $2,378,475pa + GST
• Twelve year lease in place across Building A
• Six-year lease in place across Building B
• Significant scale within Drury's growth corridor
• Secure long-term industrial investment
For further information, contact the Sole Agents.
Paul Steele
021 494 111
paul.steele@bayleys.co.nz
Greg Hall
021 023 21884
greg.hall@bayleys.co.nz
The offering comprises two neighbouring, newly completed industrial facilities, both securely leased to Slumberzone New Zealand Limited, providing purchasers with strong holding income across a significant industrial landholding. Supported by modern improvements, long-term lease covenants and strong underlying land fundamentals, the property delivers an attractive combination of income security and future capital growth potential.
Opportunities to acquire neighbouring freehold industrial investments of this scale, fully leased to a proven occupier, are exceptionally rare, particularly within the tightly held Drury market.
Key features:
• Two brand-new freehold industrial facilities offered together
• Fully leased to Slumberzone New Zealand Limited
• Combined net rental income of $2,378,475pa + GST
• Twelve year lease in place across Building A
• Six-year lease in place across Building B
• Significant scale within Drury's growth corridor
• Secure long-term industrial investment
For further information, contact the Sole Agents.
Paul Steele
021 494 111
paul.steele@bayleys.co.nz
Greg Hall
021 023 21884
greg.hall@bayleys.co.nz
Key features
Floor area details
10,199sqm (approximately)
Occupancy
Tenanted investment
Zoning
Business - Light Industry
