Situated on a total land area of 1.37 hectares, this building was designed and built by Bell Tea and Coffee Company Limited for their long term occupation. With additional expansion land of circa 4,000sqm (more or less) to the rear of the warehouse, the site provides for the possibility of future expansion of the existing building or an entirely new development.

Returning a net rental income of $630,080 per annum and located within the established and well regarded Auckland industrial suburb of East Tamaki, this is a fantastic opportunity for investors and developers.

- High quality design and build

- Excellent profile road frontage

- Situated on a total land area of 1.37ha with opportunity for further development expansion

- Returning a net income of $630,080 per annum

- Long lease with final expiry 30th September 2037

- 61 carparks on-site

PROPERTY DETAILS:

Net Lettable Area: 5,464sqm (approx)

Land Area: 1.3745 hectares

Carparks: 61

Zoning: Business 6

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

Final Expiry: 30th September 2037

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

Current Net Rental: $630,080 per annum

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

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