INDUSTRIAL INVESTMENT 7 YEAR LEASE
Unit F, 21 Porana Road, North Shore City
About the property
Colliers International has been exclusively appointed to sell Unit F 21 Porana Rd, an attractive automotive use industrial property located in the heart of the Wairau Valley.
This property comprises of a two level unit-titled industrial building, with an approximate floor area of 2,434m² and five auxiliary units which make up 28 carparks.
Currently returning $271,062 pa this property is to be sold by auction on Wednesday 25th October 2017 (unless sold prior).
The tenant, Winger Motors, is recognised as one of New Zealand’s most significant automotive dealer networks, synonymous with delivering excellent customer service and client care. Established in 1932 the company was then purchased by Wayne Leach in 1989 and over the past 28 years Winger Motors has had significant growth, now representing 13 brands and employing in excess of 250 staff throughout Auckland, Northshore, Pukekohe, Hamilton, and Wellington.
Overall this investment ticks all the boxes and would fit into any existing property portfolio or satisfy a first time industrial investor.
Contact agents for further information or to view.
Jimmy O'Brien 021 979 001 or Matt Prentice 021 464 904
Features: * Returning $271,062 pa net; * 7 year 1 month Lease term; * High Warehouse Ratio; * Solid IEP (B Grade 70% NBS); * Low vacancy area; * Automotive Use;