Papakura
7 Old Wairoa Road, Papakura, Papakura
For Sale by Negotiation
Split-risk investment - Papakura
• Split-risk tenanted investment returning $247,510pa net + GST
• Excellent lease terms with fixed rental growth and market reviews
• Ideal warehouse to office ratio with total floor area of 1,363sqm
• Two multi-national tenants providing excellent covenant
For sale via Deadline Private Treaty is this split-risk tenanted investment in the heart of Papakura. The property has favourable lease terms including fixed increases and CPI and market rent reviews.
The 2,478sqm fee simple site comprises a floor area of approximately 1,363sqm, which is split across four tenancies enabling future add-value potential. The four tenancies are occupied by two multi-national tenants with Harvey Norman and ACWB Technologies serving as a reliable and attractive revenue stream and strong tenant covenant.
This is a must-view for any property investor.
For more information, contact the sole agents below:
Tom Doyle
021 062 6261
tom.doyle@bayleys.co.nz
Tim Bull
021 127 1831
tim.bull@bayleys.co.nz
Tom Doyle
Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Tim Bull
Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Features
Land area
2,478sqm (more or less)
Floor area
1,363sqm (approximately)
Lease
Two individual tenancies returning a total of $247,510pa net + GST
Opportunity
Excellent lease terms with fixed rental growth and market reviews
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