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Elsdon

5 John Seddon Drive, Elsdon, Porirua City

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2,379sqm Floor area
5,978sqm Land area SQM
46 Offstreet

Tender

A-Grade Industrial Asset


This trophy tenanted investment ticks all the boxes for a top shelf property you will be proud to own.

Well located adjacent to the Todd Park business complex, 5 John Seddon Drive is in like-new condition and comes occupied by a proven international tenant with rights of renewal until November 2043 and a net income of $327,377.33 plus GST.

2,379sqm of functional building established on a generous 5,978sqm freehold site includes substantial yard and car parking and excellent vehicle manoeuvrability for Harvey Norman who have occupied the site since 2019.

The added bonus of approx. 1,000sqm parcel of land along the northern boundary with development potential rounds out this exceptional offering, a true "once in a blue moon" opportunity.

To register your interest, plus access supplementary documents, please follow the link below:
https://propertyfiles.co.nz/property/5JohnSeddonDrive_TP4

• Modern clear span generic warehouse
• Proven international tenant - Harvey Norman
• 100% NBS rating (2017)
• $327,377.33 + GST net income with annual rental growth

Tender

Level 14, 36 Brandon Street, Wellington

20

Jul

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Fraser Press

Fraser Press

Commercial, Industrial and Retail Sales and Leasing

Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Simon Butler

Simon Butler

Commercial and Industrial Sales and Leasing

Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Features


Modern clear span generic warehouse

Tenancy


Proven international tenant - Harvey Norman

NBS


100% NBS rating (2017)

Net income


$327,877.33 + GST with annual rental growth