INDUSTRIAL INVESTMENT WITH OPTION TO OCCUPY

Barfoot & Thompson Commercial are pleased to present for sale by deadline of private treaty, 23 Cartwright Road, Kelston. Closing 12:00pm, Tuesday 2 August 2022 at Level 3, 50 Kitchener Street, Auckland Central (unless sold prior).

This Freehold, Mixed Use zoned land parcel totalling 996m². The net lettable is approximately 606.7m² with three separate warehouse units.

The front warehouse comprises approximately 234.1m² and boasts a built-in residential component that was recently refurbished including roof, kitchen, air-conditioning, toilets, fresh paint inside and out, as well as LED lights.

The rear warehouse comprises approximately 372.6m² of warehouse and office. This warehouse had undergone full refurbishment as well but added to this, could be further split into two units because of the multiple roller doors and multiple power check meters.

This opportunity would suit a long-term investor or owner-occupier with an eye for future development.

KEY FEATURES:
• 996m² Freehold Mixed Use land with 607m² total building area (three units)
• 234m² front warehouse and apartment leased for $45,000 + GST per annum
• 373m² rear warehouse leased for $70,000 + GST per annum
• Total passing rental $115,000 + GST per annum presently
• Mixed use zoning allows a 16 metre height limit
• Rear warehouse can be vacant 23 March 2023
• Container drop and good car parking for each tenancy
• Brand new roof and guttering in 2019, 55mm iron
• Inside and out have been completely refurbished, no maintenance required

For all information and viewings, please make contact today.

Agency reference #: 88360