 Asset Class: | Industrial |
 Price: | $ 4316666 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
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46 Patiki Road features a regular shaped site, comprising of a 1,265sqm hardworking industrial premises + yard of approx. 830sqm, located just seconds from the Western Motorway link.<br><br>With a proposed rental of $259,000 pa net, longstanding tenant "Tray-Dec NZ Limited" have a seven-year lease with fixed growth. This is a must-see opportunity for investors.<br><br>Long lease term, high stud, conventional industrial build, and a healthy return. While these characteristics aren’t always synonymous, they are for 46 Patiki Road.<br><br>Similar properties have sold well and truly in the low 5%'s, at the 6% Rethink negotiated purchase price, this won't last long.
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The subject property is situated on <span style="color:rgb(51, 51, 51);">Patiki Road, renowned as one of West Auckland's most prominent and desired industrial precincts. </span>A connecting road extending from Rosebank Road to the south, and State Highway 16 to the north, in Auckland's suburb of Avondale. <br><br>The property is part of a small enclave of industrial properties, of a similar age and type, positioned to the western side of Patiki Road, at its northern end. The massive advantage is only a one minute drive to get onto SH16, the NorthWestern Motorway, which has huge recent expenditure to further connect Aucklands main hubs. <br><br><span style="color:rgb(51, 51, 51);">Patiki Road / Rosebank Road is approximately 12kms from Auckland's CBD/port and 20kms from Auckland International Airport. The area is further benefiting from the recently opened Waterview connection, which is providing ease of access to the greater Auckland region.</span>
Additional Location Information FileTray-dec are a market leader in supply and install of composite flooring systems for the construction industry. With a strong reputation built over 25 years of trading history their products are used in many iconic commercial projects, and trusted by NZ's biggest construction companies.
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1 Clemway Place, Henderson - $165,000 - 744 sqm $222 /sqm 3A Clemway Place, Henderson - $155,980 - 735 sqm $212 / sqm Bay 3, 70-72 The Concourse, Henderson - $197,970 - 990 sqm - $200 / sqm
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<b>Lettable Area</b> - 1,226.50 sqm<br><b>Rear Yard Area </b>- 830 sqm (approx)<br><b>Investment Opportunity</b> - Tenanted investment returning $259,000 p.a. on a seven year lease<br><b>Functional Building</b> - High stud warehouse of approx. 8-10m<br><b>Zoning -</b> The site is zoned Heavy Industry which allows for industrial activities<br><b>Location</b> - Absolute "A" grade industrial location in close proximity to the CBD, only 600m from SH16.<br><b>Recent CAPEX</b> - New roof over the main warehouse
