 Asset Class: | Industrial |
 Price: | $ 2030769 |
 Net Yield: | 6.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
272A Ti Rakau Drive presents an outstanding opportunity to secure a fully leased, split-risk investment in one of East Auckland’s most sought-after commercial precincts. Recently refurbished, this high-profile industrial property offers strong tenant covenants and excellent income growth potential.<br><br>The property features a modern, well-presented warehouse and showroom with polished concrete floors, high stud height, and upgraded amenities. Its dual-access design allows for efficient vehicle movements and container drop-offs, while the prominent road frontage ensures exceptional exposure and signage opportunities.<br><br>The property generates a combined net rental of $132,000 + GST per annum, with structured rental growth built into both leases. The first tenancy, occupied by Abundance East Trust, is secured on a five-year lease from 19 August 2024, returning $107,000 net per annum, the second tenancy, leased to Prodontics, commenced on 1 September 2024 on a two-year term, returning $25,000 net per annum.<br><br>With a total floor area of approximately 552sqm, including 334sqm of warehouse with roller door access and 218sqm of office and showroom across two levels. The site benefits from 10 exclusive car parks and a container-friendly layout, further enhancing its appeal.
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?
A/272 Ti Rakau Drive is situated in the vibrant East Tamaki industrial precinct, offering the property not only benefits from close proximity to main highways and arterials, but also from the amenities in Highbrook and East Tamaki, along with its proximity to residential areas.<br><br>The development of the East Tamaki area began over 35 years ago and has greatly accelerated with the addition of the Highbrook connection to SH1 and the more recent development of Highbrook Business Park. The area is nearly entirely developed and boasts typically low vacancy levels.<br><br>East Tamaki is one of Auckland’s industrial powerhouses with a mix of storage, distribution, light and heavy manufacturing businesses supported by a mix of commercial and office users. Nearby developments such as Botany Town Centre, Ormiston Township, Highbrook Business Park and Flat Bush have created major growth opportunities for East Tamaki which houses over 2,000 businesses and over 40,000 employees.
Additional Location Information FileAbundance Op Shop is a not-for-profit store supporting the charity Pregnancy Choice.<br>Selling quality secondhand boutique and op shop clothing, menswear, kids and baby gear, and household goods at great prices. Spreading the love! 💛<br><br>Prodontics is a Specialist Orthodontic Dental Laboratory. There is only limited information available online due to the wholesale nature of the business. Will find out more during the DD period however they have been in the building for over 10 years
Initial Term:
Security:
Security Info:
1 Rennie Drive, Mangere, Aug-24 $100,000 - $212 / sqm 318 Church Street, Penrose Sep-24 $105,000 - $217 / sqm
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="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Refurbished warehouse and showroom with polished concrete floors</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;">Structured rental increases and market reviews for income growth</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-profile frontage with dual access and 10 exclusive car parks</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;">Great exposure onto Ti Rakau Drive</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;">$132,000 Net + GST & OPEX ($239 / sqm) *Prodontics lease excludes Management Expenses</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;">Easy access to East Tamaki’s key arterial route connecting to State Highway 1 and the Eastern Suburbs of Auckland</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;">A+ Seismic with >100% NBS</span></p></li></ul><br><br><b>Floor area breakdown</b><br>Warehouse - 334 sqm<br>Office 218 sqm<br>Car parks 10 (Included in the lease)<br>Total - 552 sqm (approx)
