 Asset Class: | Industrial |
 Price: | $ 14260869 |
 Net Yield: | 5.75 % |
Net Yield - including solar strategy: | % |
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48 Bruce McLaren Road is a secondary industrial development comprising both warehouse and office space. The property was originally constructed in 1997 and has since undergone substantial expansion and refurbishment between 2012 and 2016. The warehouse has a stud height of approximately 9 metres to the portal knee, rising to 10 metres at the apex of the roof line, with columns supporting gantry rails, with the lessee owning the cranes<br><br>General warehouse construction comprises reinforced concrete foundations and floor, with a combination of fullheight precast concrete tilt slab walls to the boundary walls, and long run iron cladding for the remainder of the warehouse walls. The reinforced concrete floor appears to be in good condition given its age. Access is gained to the warehouse via roller doors in the northeast and northwest elevations.<br><br>The abovementioned refurbishment programme included the extension of the warehouse to the northwestern elevation, to a similar specification as above, and redevelopment of yard and parking areas to the north. The most recent development has been the warehouse extension to the southwestern boundary of the site completed in May 2014, adding approximately 365 sqm of space.<br><br>The offices are constructed within the frame of the warehouse. The main entrance is situated to the northern corner, comprising an angled glaze façade above precast concrete, leading to a substantial, full height, atrium reception area, which contains stairs to the mezzanine level. The mezzanine level provides carpeted, airconditioned offices with suspended ceiling. This level contains offices along with male and female conveniences. The ground level provides for amenities including shower, toilets, lockers and reception. There is also a generous lunchroom presented to a basic standard with a stud height of approximately 5.6 metres.<br><br>This is an A-Grade Industrial to set and forget.
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Henderson is a well-established industrial hub of West Auckland, thriving off recent developments in the wider West Auckland area. Located next to Lincoln Road, this property has easy motorway access to SH16 and main arterial roads.<br><br>48 Bruce McLaren Road is located within one of West Auckland's established and sought-after industrial precincts in Henderson. This key location offers excellent connectivity, with easy access to Lincoln Road to the east and the Northwestern Motorway (State Highway 16) nearby to the south, ensuring seamless travel across Auckland.<br><br>The property forms part of a cluster of industrial properties of similar age and type, positioned along Bruce McLaren Road. A significant advantage is its proximity to SH16, the Northwestern Motorway, just a short drive away, benefiting from recent infrastructure upgrades that enhance connectivity to Auckland’s main hubs.<br><br>Bruce McLaren Road in Henderson is approximately 15km from Auckland’s CBD/port and 22km from Auckland International Airport. The area enjoys improved accessibility due to recent infrastructure developments, including the Waterview connection, which provides efficient access to the wider Auckland region.
Additional Location Information FileJuralco is a privately owned company based in Auckland and Christchurch, New Zealand. Established in the early 1960s and initially offered security screens. Over the years, it has expanded its product range to include balustrades, awnings, louvre roofs, aluminium fencing & gates, and other home improvement products.<br> <br>Juralco is known for its innovative range of New Zealand-designed products for the building industry, and it has a nationwide network of product dealers who are experts in designing, fabricating, and installing specified products to New Zealand building code requirements. <br><br>Juralco works closely with Architects to provide the right system, to the right regulations, and at an incredibly high standard of both service and product quality.
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Unit 2, 460 Rosebank Road, Avondale, Nov-24, $225,346, 1,548 sqm, $146 / sqm 21 Wookey Lane, Kumeu, Jul-24 $180,000, 1,037 sqm, $174 / sqm 23 Wookey Lane, Kumeu, Aug-24 $174,717, 1,014 sqm, $172 / sqm
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<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;">1997 build with 2012, 2014 and 2016 extensions</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;">Nine (9) years remaining on the lease with </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-weight:normal;font-style:normal;">CPI growth annually and Market Review on renewal</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;">Rental agreed at $820k p.a net from Nov 25 (vendor will underwrite current rent until then)</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;">8,275 sqm freehold land area</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;">High stud and quality build</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;">Strong tenant covenant (National Aluminium Supplier)</span></p></li></ul>
