Secure + Growth + Potential Upside


34-40 Cove Road, Waipu

By Negotiation

Download Email
Secure + Growth + Potential Upside | 34-40 Cove Road, Waipu | 1053869 |      X Close
Image
Description

Secure + Growth + Potential Upside


Secure a substantial industrial investment property with a strong and diverse income stream. Enjoy long-term stability with a strong WALT, diversified tenants, CPI-linked increases.

Total Income: $462,349 pa + gst & outgoings

Split Risk: Three established tenants with long-term leases, providing stability and peace of mind.

WALT: 9 years

Income Growth: All leases feature CPI annual increases and regular market reviews.

Freehold Land: 4.2693 hectares, with only 12% site coverage—ample room for future development.

Zoning: Settlement Zone Industry (Sub-Zone 3)

This investment offers a unique opportunity for discerning investors. With a solid income base and the potential for future growth, this property is an exceptional addition to any portfolio.

Key Features

•Split risk with 3 tenants (Northpine, Waipu ITM & Category 6 Ltd)

•Long term leases (WALT 9 years)

•Annual CPI & regular market reviews

•4.2693ha freehold industry zoned land

There are additional investment benefits that we can discuss in person — opportunities that could further enhance the value for you.

Contact the sole agents:

Nigel Ingham 021-562 919 nigel.ingham@bayleys.co.nz

Daniel Sloper 021-022 10339 daniel.sloper@bayley.co.nz

34-40 Cove Road, Waipu

Open in map