1,976sqm
floor area
2,554sqm
land area
Land area | Combined 2,554sqm corner site in sought after mixed-use enclave |
Occupancy | Attractive lease terms with landlord friendly development provisions |
Opportunity | 2 x fully leased industrial buildings for sale individually or together |
Passing income | Returning $526,997 + GST p.a. with excellent tenant covenants |
• 2 x fully leased industrial buildings for sale individually or together
• Returning $526,997 + GST p.a. with excellent tenant covenants
• Attractive lease terms with landlord friendly development provisions
• Combined 2,554sqm corner site in sought after mixed-use enclave
These fully leased city fringe industrial buildings provide an exciting opportunity for an investor to secure either one or two well leased, refurbished industrial properties. Alternatively, a land banker or developer can secure a 2,554sqm fee simple Business - Mixed Use corner site in one of the most popular commercial and residential precincts - Morningside.
The flexible industrial buildings have been refurbished and upgraded and are now home to ECC lighting and Novii (commercial lighting specialists) The properties can be purchased individually or together with options to redevelop in the medium term. 2-4 Gordon Road returns $239,753 + GST p.a. and 6-8 Taylors Road returns $287,244 + GST p.a., providing a total income of $526,997 + GST p.a. on long-term leases.
This location benefits from excellent access to public transport links, being a short walk from Morningside train station and is surrounded by a diverse mix of creative tenants, hospitality operators and residential development.
Whether as a bottom-drawer investment or strategic development site, these properties demand further consideration. Don't miss this "super rare" opportunity.
Licensed under the REA Act 2008
Mobile: +64 21 532 121 |
Office: +64 9 375 6890 |
alan.haydock@bayleys.co.nz |
Licensed under the REA Act 2008
Mobile: +64 22 420 6845 |
Office: +64 9 375 8429 |
damien.bullick@bayleys.co.nz |
1,976sqm
floor area
2,554sqm
land area
Land area | Combined 2,554sqm corner site in sought after mixed-use enclave |
Occupancy | Attractive lease terms with landlord friendly development provisions |
Opportunity | 2 x fully leased industrial buildings for sale individually or together |
Passing income | Returning $526,997 + GST p.a. with excellent tenant covenants |
6-8 Taylors Road and 2-4 Gordon Road, Morningside
Open in mapLicensed under the REA Act 2008
Mobile: +64 21 532 121 |
Office: +64 9 375 6890 |
alan.haydock@bayleys.co.nz |
Licensed under the REA Act 2008
Mobile: +64 22 420 6845 |
Office: +64 9 375 8429 |
damien.bullick@bayleys.co.nz |
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