5,057sqm
floor area
4.27 ha
land area
Floor area details | 5,057 sqm (approximately) |
Land area breakdown | 4.2693ha freehold land, 12% site coverage |
Occupancy | Split risk: 3 long-term tenants |
Rent review | Total Income: $462,349 pa + GST & outgoings |
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
Licensed under the REA Act 2008
Mobile: +64 21 562 919 |
Office: +64 9 470 0960 |
nigel.ingham@bayleys.co.nz |
Licensed under the REA Act 2008
Mobile: +64 21 022 10339 |
Office: +64 9 470 0960 |
daniel.sloper@bayleys.co.nz |
5,057sqm
floor area
4.27 ha
land area
Floor area details | 5,057 sqm (approximately) |
Land area breakdown | 4.2693ha freehold land, 12% site coverage |
Occupancy | Split risk: 3 long-term tenants |
Rent review | Total Income: $462,349 pa + GST & outgoings |
34-40 Cove Road, Waipu
Open in mapLicensed under the REA Act 2008
Mobile: +64 21 562 919 |
Office: +64 9 470 0960 |
nigel.ingham@bayleys.co.nz |
Licensed under the REA Act 2008
Mobile: +64 21 022 10339 |
Office: +64 9 470 0960 |
daniel.sloper@bayleys.co.nz |
Please login or register
Login / Register