 Asset Class: | Industrial |
 Price: | $ 900000 |
 Net Yield: | 5.78 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
C/68 Tidal Road, is a sought-after road front industrial property offering a versatile layout that includes a warehouse and office space, currently leased on a month to month basis to a tenant who has been in occupation for just over 10 years.<br><br>The unit presents an add value opportunity for investors or owner-occupiers seeking to secure a versatile property in a high-demand industrial area. The unit comprises approximately 268.50m² of warehouse and 53.5m² of office space, currently leased on a month-to-month basis with an annual net rental income of $52,000 + GST.<br><br>The large parking area accommodates container set-down, adding to its flexibility for various uses. As the tenant is on a month-to-month lease, this offers either vacant possession or income from the monthly tenancy.<br><br>This property represents a solid investment opportunity with add-value potential and capital growth in Auckland’s thriving industrial property market.
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?
<b>Mangere:</b><br><br>The Airport Oaks district has become a highly desirable industrial area and is home to some of Australasia’s largest freight and logistics companies. Airport Oaks is only 3 kms from Auckland International Airport and with easy access to SH1 and SH20 it’s just 10kms to the Wiri Inland Port and 17 kms to the Port of Auckland and CBD.<br><br>C / 68 Tidal Road boasts all of the benefits listed above to a great extent.<br>This is an excellent opportunity to purchase an industrial investment with a monthly income in a central South Auckland location.<br><br><b>Site Proximity:</b><br><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;">Strategically positioned on Tidal Road.</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;">Located in the heart of Mangere being just off the SH20 off ramp (approximately 1KM).</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;">Approximately 8 minutes to Auckland International Airport.</span></p></li></ul>
Additional Location Information FileInitial Term:
Security:
Security Info:
Lease Transactions Data Address: 2/24 Hobill Avenue Suburb: Wiri Transaction Date: 20/03/2024 Sale/Lease: Lease Building Size: 333 sqm Sale/Lease Price: $75,000 Rate per sqm: $225.23 Address: 8/17 Airpark Drive Suburb: Mangere Transaction Date: 31/07/2024 Sale/Lease: Lease Building Size: 380 sqm Sale/Lease Price: $74,000 Rate per sqm: $194.74 Address: 4/22 Andrew Baxter Drive Suburb: Mangere Transaction Date: 14/08/2024 Sale/Lease: Lease Building Size: 290 sqm Sale/Lease Price: $66,000 Rate per sqm: $227.59 Address: 2/9 Chonny Cres Suburb: Wiri Transaction Date: 25/08/2024 Sale/Lease: Lease Building Size: 240 sqm Sale/Lease Price: $50,925 Rate per sqm: $212.19 Address: 11/9 Chonny Crescent Suburb: Wiri Transaction Date: 11/09/2024 Sale/Lease: Lease Building Size: 240 sqm Sale/Lease Price: $50,925 Rate per sqm: $212.19 Address: 55B Druces Road Suburb: Wiri Transaction Date: 01/02/2025 Sale/Lease: Lease Building Size: 225 sqm Sale/Lease Price: $48,000 Rate per sqm: $213.33 Address: 55C Druces Road Suburb: Wiri Transaction Date: 05/02/2025 Sale/Lease: Lease Building Size: 269 sqm Sale/Lease Price: $70,000 Rate per sqm: $260.22
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<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="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Road front industrial property</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> with a large car park area suitable for containers</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Returning $52,000 net per annum + GST</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Tenant is on a month-to-month lease</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">. Tenant has been in occupation for just over 10 years</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Plenty of allocated car parks onsite</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Central Mangere location</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Opportunity would suit investors or future owner-occupiers</span></p></li></ul>
