 Asset Class: | Industrial |
 Price: | $ 2850000 |
 Net Yield: | 5.91 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
We are pleased to present a unique opportunity combining the separate, standalone freehold industrial properties located at 4 & 6 Holmes Road, Manurewa. <br>By leveraging our relationship with the agents, we have negotiated a yield higher than the local market for this off market transaction.<br>As they are seperate buildings on seperate titles we'll keep the information split but ultimately what we are looking at here is $168,321 Net + GST and OPEX across the two sites. At $2,850,000, although slightly under 6% Net at present, the fixed annual increases will have it at 6.20% by June 2026. A simple industrial set and forget.<br><br><b>4 Holmes Road:</b><br><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;">Total Floor Area – 364 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;">Total Land Area – 822 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;">Rent (As of 1st June 2025) - $82,786 Net ($227 / 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;">NBS Rating – 70%</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;">Fixed annual rental growth per annum</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;">Low Site Coverage Ratio</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;">Future Redevelopment Opportunity</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;">Refurbished Asset New electrical, plumbing, yard, painting, fencing and roller doors</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;">Low Capex expected due to recent refurbishments</span></p></li></ul><b>4 Holmes Road:</b><br><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;">Foundations: Concrete Slab </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;">Structure: External concrete walls, Internal RSJ portal framing, with plasterboard walls </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;">Joinery: Single glazed aluminium window joinery</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;">Roof: Profiled metal with translucent paneling on netting and sisalation over metal purlins</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;">*Booked in for paint on the week starting April 14th. Will be black to match 6 Holmes.*</span></p></li></ul><br><b>6 Holmes Road:</b><br><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;">Total Floor Area – 413 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;">Total Land Area – 850 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;">Rent (As of 1st June 2025) - $85,535 Net ($207 / 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;">NBS Rating – 70%</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;">Front Unit - Re-painted interior & exterior</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;">Rear Unit - Refurbished incl: New LED Lighting, Carpet, Paint Interior & Exterior, New clearlite, New Toilet, 2 x New Motorised Roller Doors, New Kitchenette</span></p></li></ul><b>6 Holmes Road:</b><br><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;">Foundations: Concrete slab</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;">Structure: Reinforced concrete block and beams</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;">Glazing: Aluminium framed single glaze, security bar</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;">Joinery: Timber and aluminium framed</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;">Roof: Profiled metal on netting</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;">Stud Height: 3.3m – 5.4m</span></p></li></ul>
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
The Holmes Rd industrial precinct is a compact, light industrial zone just two minutes from the SH1 Takanini interchange.<br><br>Directly across the southern boundary, Fletcher Living’s Waitata Shores residential development is taking shape on the former Manukau Golf Course. Significant private investment in infrastructure and amenities is underway on adjacent sites, including a new Woolworths and medical facilities.<br><br>Central Auckland is 25km north via SH1, South Auckland’s CBD is 6.8km away, and Auckland Airport is just 13km from the precinct.
Additional Location Information File<b>1/4 Holmes Road - Precision Demolition</b><br><span style="font-weight:normal;">Precision Demolition was created by Adrian Storey in 2012, when he saw a specific need for demolition work to be carried out by smaller specialist teams in a quiet and controlled practice – rather than large crews in a wild and reckless manner as was so often the case.</span><br><br><span style="font-weight:normal;">With a background in Facilities Management and Commercial Property, Adrian made the transition from a client in need of a reliable contractor, to providing that option directly to his peers. All staff are EWP qualified and site safe. Our occasional work with on NZ Police sites sees all staff frequently security vetted.</span><br><br><b>2/4 Holmes Road - GEOM NZ</b><br>Three Dimensional Form Specalists. GEOM creates Modular Masonry Systems, Modular Rainscreen Systems and GEOM 3 Dimensional GRC (Glassfibre Reinforced Concrete) among other niches.<br>Locally Manufactured, Superior Durability<br><br><b>1/6 Holmes Road - Auto Shine Cars Limited</b><br>Professional or DIY car, truck and vehicle cleaning products. Autoshine products do the job you need them to do. For every car, truck or van, and every grooming essential, we have the ideal product. Autoshine will supply to you quickly - available as retail and wholesale, in person or via our online store.<br>Our cleaning solutions are environmentally safe and great for both domestic and commercial use. We supply to the public, car dealers, and valet shops.<br><br><b>2/6 Holmes Road - Road Rage Tyres Limited</b><br><span style="font-weight:normal;">They are an authorized AA roadside service provider for motorcycles. After owning and operating a large engineering business Wayne, the owner, had a motorbike accident decided to pivot into the motorcycle service and certification industry. </span>
Initial Term:
Security:
Security Info:
D / 49 Plunket Avenue, Manukau City Dec-24 - $65,000 $210/sqm - 309sqm 34 / 9 Chonny Crescent, Wiri - Dec-24 - $35,700 - $243/sqm - 147sqm 7 / 114 Wiri Station Road, Wiri - Nov-24 - $41,500 - $217/sqm - 191sqm B / 71 Montgomerie Road, Mangere -Oct-24 - $47,000 - $206/sqm - 228sqm
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<b><i>Both Locations:</i></b><br><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;">Light Industry Zoning</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;">A Grade Location close to 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;">Rare Small-Format Freehold Industrial</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;">Split Risk with dual tenancies (Two tenants in</span><span style="color:rgb(51, 51, 51);font-style:normal;"><b> both</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 4 and 6 Holmes Road)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>$168,321 Net + GST & OPEX</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> across the two properties</span></p></li></ul>
