46-48 Hillside Road, Wairau Valley, North Shore

Premium Industrial Investment | Wairau Valley

A tightly held Wairau Valley Industrial investment has now come to market.

46-48 Hillside Road presents a substantial split risk investment opportunity returning $585,289pa + GST and outgoings from two established tenancies within one of Auckland's most proven Industrial precincts.

Positioned on a prominent elevated freehold site with motorway visibility, the property comprises approximately 2,422sqm of total floor area, including high stud warehousing, modern office accommodation over two levels, generous staff amenities, and 41 on site car parks.

The tenancy profile is underpinned by quality covenant, with Electronic Navigation Limited (ENL) in occupation since 2014 on an eight (8) year lease and Enovis Medical Limited on a four (4) year lease, both with rights of renewal in place. The investment is further supported by annual built in rental growth and 100% occupancy.

Investment highlights:

- Returning $585,289pa + GST and outgoings
- Split risk income across two established tenants
- Electronic Navigation Limited (ENL) eight (8) year lease plus ROR's have been in place since 2014
- Enovis Medical Limited, Four (4) year lease plus ROR's
- Elevated site with strong motorway visibility
- Approx. 2,422sqm modern Industrial facility
- High stud warehouse with dual roller door access
- 41 on site car parks (strong parking ratio)
- 70% NBS rating
- Strategic access via Tristram interchange

The property has benefited from significant capital investment in recent years, including a full roof replacement (2025), upgraded façade works, replacement air conditioning systems, and enhanced security/access control systems.

Wairau Valley continues to experience strong occupier demand, underpinned by its central North Shore location, excellent access to SH1, and proximity to both Rosedale and Albany commercial hubs. Assets offering diversified income streams, strong tenant retention, and quality underlying improvements remain tightly held in the current market.

For further information or to access the Information Memorandum and due diligence material, please contact me directly