 Asset Class: | Industrial |
 Price: | $ 11150000 |
 Net Yield: | 5.70 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
This premium brand-new industrial asset is anchored by Freeman Roofing, an established national tenant, on a long-term 15-year lease, ensuring stability and security for your investment. With a strong net rental of $635,812 + GST and a net lease structure covering management fees, this property delivers hands-off, high-yield returns.<br><br>Invest with confidence knowing rent escalates annually at 3%, with market reviews every three years, ensuring consistent income growth and capital appreciation. Coupled with a high-spec modern facility, this is a prime industrial investment offering exceptional returns and long-term value.<br><br>The 2,000sqm high stud warehouse with well-appointed offices and significant hardstand yard has been strategically designed for efficient truck movements and racking capabilities, including access via two roller doors and a 8m stud height at the knee.<br><br>The facility's entry is off Kinleith Grove along a common driveway with easy access to the facility's northern heavy-duty hardstands, which provide ample room for both reverse and side unloading/loading in front of the roller doors sheltered by the 8m wide canopy. The design allows for trucks to turn effectively and exit back out of the site which is located 5 minutes from the upgraded State Highway network and Transmission Gully on-ramp.<br><br>The facility's single level A-Grade corporate office of 175sqm is located at the entrance to the site and has been designed functionality and quality paramount. The office design takes advantage of natural light and provides a designated area for warehouse staff ablutions and locker space which is connected directly to the warehouse and car park. The office's car parking area has 8 designated spaces.
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<br>Kenepuru is a leading location being within 20km of the Wellington CBD and 22km of the Lower Hutt commercial area. The site has excellent access North along Transmission Gully into the Kapiti Coast and beyond. It has become the location of choice to many prominent tenants including Windsor Engineering, ALSCO, and Placemakers Frame and Truss.
Additional Location Information File<b><i>About Us – Freeman Roofing</i></b><br><br>Eric Freeman founded ER Freeman Ltd (Freeman Roofing) in March 1956 with the first factory/branch located in Nelson, NZ. From humble beginnings, Freeman Roofing has grown into a national manufacturer with the capability of servicing all parts of New Zealand. Freeman Roofing is New Zealand’s largest family owned roof and rainwater products manufacturer.<br><br><b><i>The Freeman Roofing Model</i></b><br><br>Freeman Roofing is comprised of 11 branches. Each branch has been customised in terms of its products and services to match the unique characteristics of the region that it is located in.<br><br>All Freeman Roofing branches are staffed by experienced locals that know what it takes to put a quality roof on, we only use products that are specifically made to suite New Zealand’s climate.<br><br>We have custom designed our entire business, to match your needs, as well as the unique needs of the climate and region you live in. That is what makes us different why you should choose the Freeman Roofing.
Initial Term:
Security:
Six (6) Month Bank Guarantee
Security Info:
Six (6) Month Bank Guarantee
Initial Term:
Security:
Six (6) Month Bank Guarantee
Security Info:
Six (6) Month Bank Guarantee
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<span style="color:rgb(0, 0, 0);font-style:inherit;padding-left:0px;"><b>Key highlights:</b></span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:0px;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">15 Year Term</span><span style="color:rgb(36, 36, 36);font-weight:normal;font-style:normal;"> with </span><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;padding-left:0px;">three renewal options of Five (5) years each</span><span style="color:rgb(36, 36, 36);font-weight:normal;font-style:normal;">, providing </span><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;padding-left:0px;">up to 30 years of tenant occupancy</span><span style="color:rgb(36, 36, 36);font-weight:normal;font-style:normal;">.</span></p></li><li style="list-style-image:none;margin-inline-start:0px;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Brand New Building</span></p></li><li style="list-style-image:none;margin-inline-start:0px;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Net Rental: $635,812 + GST - Fully net lease, including rates, insurance, utilities, and maintenance expenses (the lease specifies a clear long list of covered outgoings)</span></p></li><li style="list-style-image:none;margin-inline-start:0px;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Established National Tenant</span></p></li><li style="list-style-image:none;margin-inline-start:0px;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Net Lease Including Management Fees</span></p></li><li style="list-style-image:none;margin-inline-start:0px;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Annual 3% Fixed Increase & Market Reviews every Three (3) Years</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(0, 0, 0);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Comprehensive Repair and Maintenance Obligations on the Tenant - The tenant must maintain and repair the premises, including floors, walls, and internal fixtures, at their own cost.</span></p></li></ul>
