 Asset Class: | Industrial |
 Price: | $ 925000 |
 Net Yield: | 6.70 % |
Net Yield - including solar strategy: | % |
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Unit O, 255 Browns Road offers an excellent opportunity for investors to secure a well-presented tenanted investment to an established business in central Manukau.<br><br>Built in 1997, this well-maintained tilt-slab industrial unit offers a versatile clear-span high-stud warehouse space, easily accessible through a large roller door for seamless loading and unloading. The property also features office and amenities across two levels, comprising of a mix of open-plan office spaces, training rooms, and supporting amenities.<br><br>This complex offers an abundance of parking directly in front of the building, plus a shared yard area that allows for vehicle and truck movements, making it suitable for a wide range of business activities.<br><br>Currently leased to Chivalry Training Providers Limited, this property has served as their headquarters for nearly 8 years. During this time, it has been refurbished to a high standard, creating a clean, functional environment that supports business operations.<br><br>Chivalry Training Providers Limited has committed to a new long-term lease with built-in rental growth and renewal options, making this property an ideal passive investment opportunity. Located in the sought-after commercial hub of Manukau, this asset offers both stable income and future growth potential.
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Is this lease a leaseback arrangement?
Wiri is an established and highly sought after industrial precinct with many large-scale industrial operators including The Warehouse, Frucor, Progressive Enterprises, Americold and Visy.<br><br>The precinct is well connected to Auckland’s motorway network, providing excellent access north and south on SH1 and west on SH20 via the Waterview Tunnel.<br><br>The precinct has improved significantly in recent years with the re-development of two former quarries on Roscommon Road. The pending development of Puhinui Road will further enhance this already attractive industrial precinct.<br><br>The property enjoys excellent profile to one of Wiri’s main arterial roads being just 2.7km from SH20 and 4.6km from SH1. The site is ideally located just 2.6km from Wiri’s inland container terminal and 8.8km from Auckland International Airport.<br><br>The site is zoned Light Industry, which allows for industrial activities that don’t generate objectionable odour, dust or noise. This includes manufacturing, production, logistics, storage, transport and distribution activities.
Additional Location Information FileChivalry Training Providers specialises in user-friendly short courses tailored to meet the needs of today’s workplace. Located in Manukau, they offer a range of professional courses, including Driver Licensing, License Endorsements, Elevated Work Platform training, and Health and Safety, all aligned with NZQA unit standards.<br><br>Their focus is on quality and best practices, aiming to help individuals and organisations achieve their goals in a demanding environment. With a flexible and innovative scheduling system, they offer on-site training at times that suit clients, ensuring convenience for busy professionals.<br>Additionally, they provide competitive pricing and a comprehensive timetable to accommodate various schedules.<br><br>Chivalry Training Providers prides itself on its ability to customise courses upon request, ensuring clients receive training tailored to their specific needs. Overall, they emphasise high-end, results-driven training experiences, blending passion and purpose to continuously improve their offerings.
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Security Info:
11/9 Chonny Cres, Wiri. Sep-24, 234 sqm, $218/sqm F/9 Kellow Place, Wiri. Sep-24, $47,000 Net, 259 sqm, $181 / sqm 3 Lorien Place, East Tamaki, Oct-24, $82,000 Net, 450 sqm, $182 / sqm 2 / 54 Hobill Avenue, Wiri, Mar-24, $45,546 Net, 230 sqm, $198 / sqm (smaller sqm slightly high sqm rate)
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Entrenched tenant</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net lettable area of 340.6 sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Rental Income of $62,114 Net + GST & OPEX ($182 / sqm)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Seismic Rating - 100% of NBS (March 2025)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Close proximity to public transport, main arterials and SH20 & SH1</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Ample off-street parking available</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Modern tilt slab construction with recent refurbishments completed</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Light Industry zoning</span></p></li></ul>
