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Trophy Industrial Investment - New 8 year term!

Albany, 71 Apollo Drive

Deadline Treaty 18 Jul 2017 Unless Sold Prior

  • Listing Number: NSC25276
Property Information
Deadline Treaty Date:
  • Tuesday 18 Jul 4:00 p.m.
  • Unless Sold Prior
Seize the opportunity to purchase this immaculate industrial investment situated in the tightly held Albany Interplex Commercial / Industrial Estate.

A stunning standalone building designed for InterMed in 2006 and future-proofed for growth, it includes space for expansion in a second tenancy currently occupied by Travel Marketing Ltd. Intermed Medical Ltd has entered into a new 8 + 4 year lease from 1st July 2017 and takes over the entire building in July 2019. The property currently returns a total rental of $654,878pa net + GST.
The large 5,254sqm freehold title offers a prominent road front position on the prized Apollo Drive and nearby neighbours include 3M, Rex Bionics, Wallace Cotton, Douglas Johnson, Anzor Fasteners, Hightech Packaging and Penguin Books to name a few.
Long-term flexible tenancy options exist with the 3,587sqm building designed and built to provide dual tenancies.
This is a true 'A' Grade Trophy Investment that must be inspected.

* Returning $654,878.63 pa net + GST
* 3,587 sqm standalone building on a 5,254sqm freehold title
* Brand new 8 year lease + 1 x 4 year right of renewal
* Superb Australasian tenant covenant - Established since 1980
* 100% IEP / seismic rating
* Zoned - General business
* Prized location
* Architecturally designed masterpiece
Contact the Joint Sole Agents for further details and to arrange inspection.
To download the property files please click below or copy and paste this link into your browser: http://www.propertyfiles.co.nz/property/NSC25276
Approx Floor Area3587 sqm
Land Size5254 sqm
TenureFee Simple
Property TypeWarehouse, Tenanted Investment
Approx Floor Area
Office Square Metres1459
Warehouse Square Metres2128
Canopy Square Metres177

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