- A standalone industrial building on a high profile corner site in a desirable location

- Currently returning $245,000pa + GST and outgoings from an established multinational tenant

- Dual site access with multiple roller doors to the warehouse and air-conditioned offices

- Total floor area 1,458.58sqm (approximately) on freehold land of 2,457sqm (more or less)

- AUP (OP) Zoning light industry

For the first time on the market in over 20 years, finally an industrial investment worthy of your attention. Visible from the motorway, this property is situated in a highly desirable location in a tightly held estate.

Leased to multinational tenant Xylem Water Solutions New Zealand Limited on a renewed four year lease, the building benefits from a northerly aspect and close proximity to motorway interchanges.

With 25 car parking spaces and container drop off areas available onsite, this investment ticks the boxes.

Tenancy Details:

Name of Tenant: Xylem Water Solutions New Zealand Limited

Term of Lease: Four (4) years

Commencement Date: 1st April 2018

Rights of Renewal: One (1) further term of four (4) years

Net Rental: $245,000pa + GST and outgoings

Auction (unless sold prior)

11am, Wednesday 27th June 2018

Bayleys House, 30 Gaunt Street,