Blue-chip Mount industrial - global tenant
- Inernational tenant covenant - ENGEO
- New 6-year lease with stepped rental growth
- Fully refurbished in 2026 with remarkable presentation
An exceptional opportunity to acquire a prime freehold industrial investment located within the heart of the tightly held Mount Maunganui industrial precinct. The property is fully leased to ENGEO, an award-winning international consultancy specialising in geotechnical engineering, environmental science, geology, and hydrology, with offices throughout New Zealand, Australia, and the United States.
ENGEO have recently entered into a new six-year lease commencing 1 February 2026 with rights of renewal through to 31 January 2038. This provides investors with immediate income security and attractive built-in growth. The current annual net rent is $136,300 + GST, increasing to $140,000 + GST in Year 2 and $145,000 + GST in Year 3. This is immediately followed by regular market rent reviews with a hard rachet mechanism to protect future returns.
Underpinned by a premium location, strong tenant covenant, quality presentation and long-term lease security, 20B Newton Street represents a compelling acquisition for investors seeking a passive investment with secure income and ongoing capital growth!
For more information or to view the property please contact Team Bradley today.
- New 6-year lease with stepped rental growth
- Fully refurbished in 2026 with remarkable presentation
An exceptional opportunity to acquire a prime freehold industrial investment located within the heart of the tightly held Mount Maunganui industrial precinct. The property is fully leased to ENGEO, an award-winning international consultancy specialising in geotechnical engineering, environmental science, geology, and hydrology, with offices throughout New Zealand, Australia, and the United States.
ENGEO have recently entered into a new six-year lease commencing 1 February 2026 with rights of renewal through to 31 January 2038. This provides investors with immediate income security and attractive built-in growth. The current annual net rent is $136,300 + GST, increasing to $140,000 + GST in Year 2 and $145,000 + GST in Year 3. This is immediately followed by regular market rent reviews with a hard rachet mechanism to protect future returns.
Underpinned by a premium location, strong tenant covenant, quality presentation and long-term lease security, 20B Newton Street represents a compelling acquisition for investors seeking a passive investment with secure income and ongoing capital growth!
For more information or to view the property please contact Team Bradley today.
Key features
Land area breakdown
561sqm (more or less)
Floor area details
476sqm (approximately)
Anchor tenants
Internationally recognised ENGEO
Passing income
Annual net rental of $136,300 + GST
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