Industrial | $13,666,667 | 5.46% Net Yield | NZ
Substantial Freehold Industrial Asset in Growth Corridor - Secure 18-Year Lease to National Operator
Strategically positioned within West Auckland’s established industrial precinct, this expansive freehold industrial property comprises 5,678.5 sqm* of lettable area on a significant 8,275 sqm landholding. The asset is 100% leased to Juralco Aluminium Building Products Limited, a nationally recognised manufacturer, on an 18-year lease term with annual CPI reviews.
Currently generating $746,019 in net income per annum, this investment offers both income stability and significant long-term growth potential, supported by a 9.4-year WALE, full outgoings recoverability, and a future rental uplift to $820,000 from November 2025 via deed of variation.
The building boasts a 100% NBS (New Building Standard) rating, modern improvements including recent HVAC upgrades (May 2024), and is located within a precinct favoured for its proximity to major transport links and logistics infrastructure.
Key Highlights
- Asset Class: Industrial
- Price: $13,666,667
- Net Yield: 5.46%
- Net Income: $746,019 p.a. (to increase to $820,000 in Nov 2025)
- WALE: 9.4 years
- Lettable Area: 5,678.5 sqm*
- Land Area: 8,275 sqm*
- Zoning: Business – Light Industry Zone
- Title: Freehold
- Annual Reviews: CPI-based increases
- Outgoings: $123,890 (100% recoverable)
- Lease Term: 18 years (commenced Nov 2016, expiry Nov 2034)
- Options: 1 x 9 year
- NBS Rating: 100% (Grade A) – Not earthquake prone
- Car Parking: 41 car spaces
- Insurance Expiry: 6 Dec 2025
- Council: Henderson-Massey Local Board
report, bank fees)
Purchasing Costs
MORTGAGE COSTS
More Properties
Start Creating Wealth Through Property Today
Insert your details to book a complimentary consultation with one of our expert Senior Buyer Advocates.
