Split-Risk Freehold Industrial

Auction: 6.30pm, Thursday 5th of December 2019, in rooms at NAI Harcourts, 128 Hurstmere Rd, Takapuna (unless sold prior)

NAI Harcourts is favoured with instructions to take this sharply presented, split-risk investment property to the market. A reluctant sale due to a sudden change in circumstances offers an excellent opportunity to seize this soundly built and attractive property, tenanted by two stable businesses operating in niche markets. Both tenants have indicated strong commitment to the property with one re-signing a brand new 5 year lease on 1 November.

Situated centrally within North Shore's industrial hub, this future-proofed location offers generous road width and benefits from close proximity to nearby primary arterial connections linking with Albany Highway and both the Northern and Western motorway interchanges.
The building itself is of modern tilt slab construction, with aluminium panel fascias, modern glazing and attractive surrounds.

KEY DETAILS: (all area values are approximate)
A: 484m² - 10 car parks
B: 406m² - 5 car parks
Total Area: 890m²
Two tenancies, currently returning $135,728 p.a.

An excellent opportunity for the savvy investor to snap up an outstanding split risk asset, while avoiding fussy body corporates and tenants you have little control of.

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Main Property Features

Listing Number: NSC32933

Approx Floor Area:
887 sqm
Property Type:
Approx Floor Area
  • Office Square Metres: 351
  • Warehouse Square Metres: 434
  • Mezzanine Square Metres: 93
Fee Simple
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Licensed REAA 2008

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NAI Harcourts North Shore

Cooper & Co Real Estate Ltd

Licensed REAA 2008

4/128 Hurstmere Rd
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Property Location