Freehold industrial investment, 286k Nett

This is an exceptional opportunity to acquire a modern freehold industrial investment located at 152 & 152B Kaikorai Valley Road, Glenross, Dunedin comprising a large-scale warehouse and yard across two titles totalling 7,454m² (more or less).

The property features a high-stud warehouse (circa 2,615m²) with offices and amenities, upgraded with seismic strengthening (74% NBS), new roller doors, significant roof improvements, and fully paved yard for efficient truck access as well as onsite parking for staff and clients.
Well located in a key industrial hub with excellent access to major arterial routes. The generous rear yard (approx. 2,060m²) provides excellent manoeuvrability and multiple loading options.

Leased to a national logistics/transport tenant (commenced 2022), returning $286,000 + GST net PA, on a 10-year term plus two 5-year renewals. Tenant pays 100% of outgoings.

Key Features
• Freehold land: 7,454m² (more or less) over two titles
• High stud warehousing circa 2,615m² (more or less)
• Long-term national tenant on long lease terms
• Nett income: $286,000 + GST p.a.
• Large, sealed yard approx. 2,060m² with excellent access
• 74% NBS seismic rating
• Industrial zoning (2GP, Section 19)

Enquire now for a full information memorandum or to arrange to view.