Albany unit with high-vis location
Agents are describing an office/showroom for sale at Albany as a prime investment with easy access to two motorways.
Unit 4, at 15-17 Saturn Pl, sits beside the elevated SH18, offering great exposure for tenants and ease of access to a main urban arterial transport routes, says NAI Harcourts North Shore commercial agent Rob Meister.
The unit is to be sold at auction on March 28 2018, unless sold earlier by negotiation.
Meister points out that it has had a single tenant in occupation since new, reflecting the high demand for this type of property and extremely desirable location.
“With a lease expiry in June 2019, it offers options for investors and owner-occupiers alike.
“The high-visibility from the neighbouring highway makes the property extremely appealing to tenants, whose signage gains great exposure.”
He describes the building as a modern industrial unit in an area zoned Light Industrial in the Auckland Unitary Plan. It comprises twolevels of airconditioned office/showroom space and a 145.75sq m warehouse with eight car parks. The total tenanted area is about 389sq m.
The warehouse is a solid concrete tilt slab construction with Clearlight panels and security bollards at the entrance. Access is via a motorised roller door.
The office/showroom on the ground floor is partitioned into two offices with a small kitchenette and toilet. A stairwell on the northern side leads to the first-floor office space which includes an open area, partitioned offices, a boardroom, toilet and kitchenette.
As well as the eight car parks the external access area has room for temporary container drop-off and loading,” says Meister.
“The site is tenanted by Reid Technology, which has occupied the property since 2011, with two-yearly lease
It is in a high-demand location that will make it highly appealing to potential tenants and will ensure it holds its value.
Andrew Bruce
renewals. The current lease expires in June 2019.”
Current rental income on the property is $78,506.25 pa plus GST and operating expenses. Total outgoings on the property are $11,054.69 pa, adds Meister.
His colleague Andrew Bruce, who is also marketing the property says it is a soundly-built property that offers a good rental income.
“It is in a high-demand location that will make it highly appealing to potential tenants and will ensure it holds its value,” says Bruce. The property at 15-17 Saturn Pl, beside the elevated SH18, is tenanted by Reid Technology, which has been there since 2011.