Affordable Tenanted Investment - Ideal First Investment

This modern, high stud 125sqm warehouse has been constructed to a high standard, a rare find and highly sought after in the Wairau Valley.

Leased to Mediph NZ Ltd for 3 years with 3 year Right of Renewal, returning $32,898.46 per annum Net (plus GST plus Outgoings).
Rent review 02/11/2024 (to CPI) and every 2 years thereafter.

Great office to warehouse ratio, two car parking spaces and flexible showroom/office spaces.

Comprising:-
13sqm approx. Ground Floor Showroom/Office
13sqm approx. 1st Floor Air Conditioned Office
99sqm approx. High Stud Warehouse
125sqm approx. TOTAL

GV $750,000 plus GST (if any)

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6d/89 Ellice Road, Glenfield, North Shore, Auckland