nzcommercial.co.nz/95444
Ad ID: 95444 Inactive

Multi-Tenanted Warehouse for Sale Avondale Auckland

Enquire about this "Multi-Tenanted Warehouse for Sale Avondale Auckland" property on nzcommercial

Industrial/Warehouse - CBRE: Multi-Tenanted & Add Value Potential

Location:
Avondale
Auckland
Asking:
Price by negotiation
Area (m2):
26902.00

Commercial Property for Sale Description

Multi-Tenanted Warehouse for Sale Avondale Auckland

CBRE, as exclusive agent, presents 528-558 Rosebank Road, Avondale, Auckland for sale by Expressions of Interest closing Tuesday 8th September 2020 at 6pm NZST.

Developed over two freehold titles, the nearly 50,000sqm site features nine buildings providing 26,902sqm of lettable area.

The property is predominantly leased for nine years to an established tenant, ETEL Limited, who occupy five of the buildings on five separate leases. This occupation makes up 73% of the $3.4m annual net rental income.

This unique investment opportunity benefits from emerging logistics trends, entailing key features such as:
- High underlying land value
- Add value potential
- Multi-tenanted investment with established occupiers
- 6.5 year WALT
- Only 7km from Auckland CBD and port

Avondale benefits immensely from the Waterview Connection providing ease of travel to the neighbouring areas and the South Auckland regions. Strategically located close to state highway 16 and 20, it is approximately 15km from the Auckland CBD and 19km from the Auckland International Airport making it a key commercial location.

For more information or to arrange a viewing,
please contact the exclusive agents and quote the listing ID

Bruce Catley
021 729 004 or (09) 573 3333
bruce.catley@cbre.co.nz

OR

John Bedford
021 772 121
john.bedford@cbre.co.nz

OR

Chris O\'Brien
+61 407 664 233
chris.obrien@cbre.com

Listing ID: 20115021Q3

For more options, visit:
https://commerciallistings.cbre.co.nz/en-NZ

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