202-220 Main Road, Kumeu, Rodney

Split-risk investment with upside

First time on the market since 2016, 202-220 Main Road, Kumeu is hitting the open market. Located in the bustling heart of Kumeu's industrial precinct, opportunities like this are in high demand, with extremely low vacancy rates.

This property presents a unique opportunity for both owner-occupiers and astute investors alike. With excellent warehouse to office ratios, this versatile industrial building spans approximately 1,852sqm. Its strategic location in Kumeu's original industrial area ensures easy access to SH16 and SH18, with Westgate's Costco just a 10-minute drive away. Additionally, it is conveniently situated 27km from the CBD and Port.

• Split-risk industrial investment on a freehold site of 4,143sqm (more or less)
• Generating a net rental return of $289,744pa + GST
• Built-in rental growth with four tenancies on a combined floor area of 1,852sqm (approximately)
• Excellent high warehouse to office ratios

This property offers a great chance to acquire a multi-tenanted freehold Light Industry site spanning approximately 4,153sqm. Currently, the owners, Huapai Truck Painters, operate 910sqm (approximately). Flexible options include a leaseback arrangement with Huapai Truck Painters, or the owners can relocate their operations, freeing up space for potential owner-occupiers. The functional warehouse to office configurations of each unit provide investors peace of mind for future leasing opportunities. The building accommodates various industrial users, including Huapai Truck Painters, E-Cycle, Kiely Construction, and Kumeu Plumbers.

This rare find will appeal to a wide range of savvy investors seeking split-risk, passive investment with rental growth potential and options for owner-occupiers. Given the tight hold on Kumeu's industrial precinct, this building is a valuable addition to any investment portfolio.

Please do not hesitate to contact a member of the project team in regard to any aspect of the content included in this document or to arrange a viewing of the property.