Listing Description
STANDALONE INDUSTRIAL INVESTMENT
15 Rylock Pl, Pakuranga, Manukau City, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Industrial |
| Agency reference | 63980 |
| Apply Online | http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=4174933&sellerId=0 |
Description
Auction: at 100 Queen St, Auckland on Friday 18 December 2015 at 1:30PM (will NOT be sold prior)
This freehold standalone industrial property presents a rare opportunity in the South Auckland industrial market. With low interest rates, vacancy rates at record lows and a very short supply of properties for sale this is your chance to invest in 'land and buildings' with an established tenant in place. The building is traditional concrete block construction, simple design with minimal office space and no mezzanine, the total 344 sqm of space is useable. This is a road front site with dual access and yard space in front of the building. Pakuranga is a very popular location for light engineering/manufacturing, warehousing and service type businesses. Rentals increases are overdue in this sector of the market. The vendor is motivated to sell, viewings are by appointment only, please contact marketing agent for more information and to arrange viewing times.
KEY FEATURES
- Established tenant
- Road frontage
- Buildings: 344 sqm (single level)
- Land: 1030 sqm (fee simple)
- CV $500,000
- Current income $29,600 pa
For sale by public auction 10.30am. Wednesday 15 July 2015
