Multi-Tenanted | $4,000,000 | Net Yield: 6.88% | NZ

This established industrial investment presents a compelling opportunity to secure diversified income and long-term upside within Central Manukau, offered to the market for the first time in over 35 years.

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Comprising two individual titles, the property features flexible building configurations suited to multi-tenancy, with a mix of established and recently secured tenants. Now fully leased, the asset generates a strong net income of $275,088 p.a., with future rental growth opportunities embedded across the tenancy profile.

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The functional units incorporate dual-level office accommodation with separate entrances, complemented by practical warehouse space - a configuration that continues to appeal to a broad range of industrial occupiers. This flexibility underpins tenant demand and supports long-term leasing resilience.

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Prominently positioned along Lambie Drive in central Manukau, the property benefits from excellent exposure and connectivity to key arterial routes, transport infrastructure and a substantial surrounding residential catchment and labour pool.

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With the ability to add value through future rental growth and potential individual sell-downs, combined with immediate income from a diversified tenant mix, this represents a well-balanced industrial investment with both income security and strategic upside.