 Asset Class: | Industrial |
 Price: | $ 712500 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
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<p style=""><span style="color:rgb(0, 0, 0);">Auckland is New Zealand’s largest city with an estimated population of 1,700,000* people. The Auckland region has 2nd highest average income per capita in New Zealand and a Gross Regional Product (GRP) of an estimated $122 billion. This means the Auckland region alone represents 38% of New Zealand's Gross Domestic Product (GDP) of $321 billion. (*approx)</span></p><br><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><span style="color:rgb(0, 0, 0);">Auckland, as New Zealand's largest and fastest-growing city, presents a dynamic environment for investment and infrastructure development, the majority contribution to the nation's GDP highlighting its critical role in the economy. The city's population is projected to grow significantly over the next 15 years, driving demand for residential, commercial, and industrial developments</span>
Additional Location Information File<p style=""><span style="color:rgb(0, 0, 0);">Jalaram Auto is a service offering mobile mechanic work across Auckland. They specialise in Air Conditioning re-gassing and general automotive servicing. They will be establishing 287C West Coast Road as their principle place of operation.</span></p>
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<p style=""><span style="color:rgb(0, 0, 0);">● </span><span style="color:rgb(0, 0, 0);"><b>Fully leased</b></span><span style="color:rgb(0, 0, 0);"> – Fresh lease signed at competitive rental rate</span></p><p style=""><span style="color:rgb(0, 0, 0);">● </span><span style="color:rgb(0, 0, 0);"><b>Recent Refurbishment </b></span><span style="color:rgb(0, 0, 0);">- new roller door motor, new alarm system, refurbished roof, new LED lighting throughout, freshly painted inside and out, and more</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">● </span><span style="color:rgb(0, 0, 0);"><b>Well Suited Tenant </b></span><span style="color:rgb(0, 0, 0);">– Jalaram Auto Limited, a previously mobile mechanic setting up a fixed location</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">● </span><span style="color:rgb(0, 0, 0);"><b>Prime Road Front Location</b></span><span style="color:rgb(0, 0, 0);"> – an average of 25,701 cars per day passing by</span></p><p style=""><span style="color:rgb(0, 0, 0);">● </span><span style="color:rgb(0, 0, 0);"><b>Long established – </b></span><span style="color:rgb(0, 0, 0);">The property has been in place since the 1980’s</span></p><p style=""><span style="color:rgb(0, 0, 0);"><b> </b></span></p><p style=""><span style="color:rgb(0, 0, 0);">● </span><span style="color:rgb(0, 0, 0);"><b>Parking – </b></span><span style="color:rgb(0, 0, 0);">Five (5) Carparks available off-street</span></p><p style=""><span style="color:rgb(0, 0, 0);">● </span><span style="color:rgb(0, 0, 0);"><b>High yielding for Auckland Industrial – </b></span><span style="color:rgb(0, 0, 0);">Offering a 6% at Rethink Purchase Price</span></p><p style=""><span style="color:rgb(0, 0, 0);">● Fully Leased Industrial Warehouse</span></p><p style=""><span style="color:rgb(0, 0, 0);">● 205sqm* NLA</span></p><p style=""><span style="color:rgb(0, 0, 0);">● Large off-street carparking areas</span></p><p style=""><span style="color:rgb(0, 0, 0);">● Business - Light Industry Zone (covered below)</span></p><p style=""><span style="color:rgb(0, 0, 0);">● Located in Glen Eden, a popular hub for West Auckland</span></p><p style=""><span style="color:rgb(0, 0, 0);">● Minimal office/amenity components.</span></p><p style=""><span style="color:rgb(0, 0, 0);">● </span><span style="color:rgb(0, 0, 0);"><b>Net Income: $42,750p.a + GST & OPEX</b></span></p>
