12-year lease to NZ manufacturing leader
Bayleys is pleased to present Building A, 75 Waikura Road, Drury, a brand-new freehold industrial investment leased to Slumberzone New Zealand Limited, one of New Zealand's leading mattress manufacturers.
Purpose-built for the occupier, the property comprises a modern high-stud facility with premium office accommodation and expansive canopy areas, delivering the functionality sought by today's industrial tenants. The asset returns net income of $1,378,475pa + GST and is secured by a 12-year lease term, further rights of renewal, annual rental growth provisions and a bank bond security.
Located within the rapidly emerging Drury industrial precinct, this freehold asset presents a rare opportunity to acquire a brand-new investment combining long-term income security, built-in rental growth and a proven national tenant covenant.
Key features:
• Freehold land and buildings
• Net income of $1,378,475pa + GST
• 12-year lease with two further rights of six years
• Annual fixed rental growth
• Bank bond security
• Leased to Slumberzone New Zealand Limited
• Brand-new, high-specification industrial facility
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
Purpose-built for the occupier, the property comprises a modern high-stud facility with premium office accommodation and expansive canopy areas, delivering the functionality sought by today's industrial tenants. The asset returns net income of $1,378,475pa + GST and is secured by a 12-year lease term, further rights of renewal, annual rental growth provisions and a bank bond security.
Located within the rapidly emerging Drury industrial precinct, this freehold asset presents a rare opportunity to acquire a brand-new investment combining long-term income security, built-in rental growth and a proven national tenant covenant.
Key features:
• Freehold land and buildings
• Net income of $1,378,475pa + GST
• 12-year lease with two further rights of six years
• Annual fixed rental growth
• Bank bond security
• Leased to Slumberzone New Zealand Limited
• Brand-new, high-specification industrial facility
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
5,699sqm (approximately)
Occupancy
Tenanted investment
Anchor tenants
12-year lease with two further rights of six years
