 Asset Class: | Industrial |
 Price: | $ 5500000 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
Nestled in the heart of Otahuhu, one of Auckland’s most dynamic industrial hubs, the commercial properties at 37 and 39 Saleyards Road offer a compelling opportunity for investors. Spanning a combined 3,235 square metres of Light Industry-zoned land, these two freehold titles boast a net lettable area of approximately 1,951 square metres.<br><br><span style="color:rgb(51, 51, 51);">39 Saleyards Road, with a slightly larger land area of 1,619 square metres and a net lettable area of 881 square metres is currently tenented by Ace Automotive Parts. The offer on the table proposes a leaseback sale of 39 Saleyards Road alongside a lease expansion into 37 Saleyards Road. This would bring the total NLA across the two sites to 1,951 sqm at a net rental of $330,000 Net + GST & OPEX.</span><br><br><span style="color:rgb(51, 51, 51);">The area’s low vacancy rates and high tenant demand, coupled with its proximity to amenities like the Otahuhu Shopping Centre and Sturges Park, make 37 and 39 Saleyards Road an attractive prospect for those looking to capitalise on a high-performing industrial asset in a thriving location with potential for future development.</span>
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Strategically positioned with excellent exposure to Saleyards Road, these properties benefit from seamless access to Great South Road and nearby motorway interchanges, connecting effortlessly to Auckland’s CBD and southern suburbs. Otahuhu itself is a bustling suburb known for its cultural diversity and strong community spirit, with a rich history of industrial activity and ongoing development, as evidenced by significant projects like the East West Link, which promises to further enhance regional connectivity. <br><br>The area’s low vacancy rates and high tenant demand, coupled with its proximity to amenities like the Otahuhu Shopping Centre and Sturges Park, make 37 and 39 Saleyards Road an attractive prospect for those looking to capitalise on a high-performing industrial asset in a thriving location with potential for future development.
Additional Location Information File<b>About ACE Auto Parts - NZ’s Premium Auto Parts Store</b><br><br>Welcome to ACE Auto Parts, your trusted automotive parts dealer in Auckland, New Zealand. Since 1996, we've been a leading specialist supplier of motor spare parts, proudly based in Otahuhu, Auckland. With years of experience in the industry, we understand the importance of finding the right parts to keep your vehicle running smoothly.<br><br>We offer a wide range of auto parts for various makes and models, ensuring that you can find exactly what you need. Our extensive inventory includes both genuine OEM parts and aftermarket alternatives, giving you the flexibility to choose the option that suits your requirements and budget. Our product lineup features top-tier brands like Mannol, Sebang batteries, Denso spark plugs, and JS Akashi automotive components, backed by our rigorous quality control processes and dedicated after-sales service.<br><br><b>Why Choose Ace Auto Parts?</b><br><br><b>Quality Products:</b> We work closely with trusted manufacturers and suppliers to ensure that all our products meet or exceed industry standards.<br><b>Trusted Brands:</b> As the exclusive NZ distributor for leading global brands, we provide products you can trust.<br><b>Exceptional Prices: </b>Our direct import model allows us to offer competitive prices without compromising on quality.<br><b>Comprehensive Range:</b> From lubricants and filters to wipers and lighting, we have everything you need under one roof.<br><b>Convenient Shopping:</b> Our user-friendly website allows you to search for parts by part number, vehicle make, or model, making it easy to find what you're looking for. We provide detailed product descriptions and clear images to help you make an informed decision.<br><b>Superior Customer Service:</b> Our knowledgeable professionals are always ready to assist you in finding the right parts and providing expert advice. We also ensure secure online transactions and reliable shipping options.<br><br>Whether you're a car enthusiast, a DIY mechanic, or a professional technician, Ace Auto Parts is your trusted partner for all your automotive needs. Shop our wide range of products online or visit our Auckland warehouse today.
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More to be confirmed in DD 161 Neilson Street, Onehunga Dec '24 - $173/m² 581-583 Great South Road Warehouse between $137 - $162/m²
Offer To Purchase:
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Due Diligence:
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Land - 3,232m²<br>Building - 1,951m²<br>Two Buildings Split into Three Seperate Areas<br>IEP - 70% (Both Titles)<br>Proposed Lease - $330,000 + GST per annum<br><span style="color:rgb(51, 51, 51);">Business - Light Industry zone</span><br><br><span style="color:rgb(51, 51, 51);">Stud Height:</span><br><br><span style="color:rgb(51, 51, 51);">37 Saleyards Road </span><br><span style="color:rgb(51, 51, 51);">Front Warehouse: Knee - 3.5m / Apex - 6m</span><br><span style="color:rgb(51, 51, 51);">Back Warehouse: Knee - 3.5m / Apex - 6.3m</span><br><br><span style="color:rgb(51, 51, 51);">39 Saleyards Road: Knee - 3.3m / Apex - 6.3m</span>
