Bell Tea occupy this premium quality, well presented industrial property originally constructed circa 1960's with subsequent additions in 1976 and circa 2007. The building provides medium to high stud warehouse accommodation and associated offices, plus extensive mezzanine areas which incorporate a staff lunchroom and deck area, with the balance providing medium and low stud storage.

East Tamaki Road is a major arterial route, providing transportation linkage from the East Tamaki industrial area and surrounding residential localities to and from the East Tamaki interchange with the Southern Motorway.

East Tamaki is recognised as one of Auckland's prime industrial locations.

- Excellent rental growth - rent reviews each year to CPI and to market every third anniversary

- High quality, long-term blue chip tenant

- Well presented buildings, well maintained

- Very highly sought after industrial zone where stock is scarce

- Excellent access to Auckland Motorway network and key transport links

For Sale by International Tender, closing 4pm, Thursday 7th August 2014 (will not be sold prior).

PROPERTY DETAILS:

Net Lettable Area: 4,119sqm (approx.)

Land Area: 6,053sqm (more or less)

Zoning: Business 5

TENANCY DETAILS:

Name of Tenant: Bell Tea and Coffee Company Limited

Term of Lease: 12 years

Commencement Date: 1st October 2013

Rights of Renewal: 3 x 4 years each

Final Expiry: 30th September 2037

Rent Reviews: Rent reviews every year to CPI and to market every third anniversary

Current Net Rental: $359,781 per annum

For more information on this property, please get in touch with the project team ir view online at www.thebellteaportfolio.co.nz