1/10 Dent Place, Papakura, Papakura

Occupy or invest - functional unit

Positioned in the heart of Papakura's established industrial precinct, this well-presented industrial unit offers a rare opportunity for both investors and owner-occupiers alike. With flexible holding income in place and genuine add-value potential, this is an entry-level industrial investment or future business base not to be missed.

Comprising a total floor area of approximately 274sqm (approximately), the property provides a practical, functional layout suited to a wide range of industrial and trade users, including 232.4sqm (approximately) of warehouse and 42sqm (approximately) of office and amenities, plus five (5) on-site car parks. Currently leased to The Cabinet Shop Limited on a month-to-month basis, it returns a net rental of $40,000pa net + GST, giving purchasers immediate income while they consider their long-term plans.

Owner-occupiers will appreciate the ability to retain the tenant in the short term while organising their relocation and fit-out, then occupy the premises at a time that suits their business. Investors, meanwhile, can look to formalise a new lease at market rental, reposition the tenancy profile, or explore future rental growth under the sought-after Heavy Industry zoning.

Key features:
• 274sqm (approximately) functional industrial unit comprising 232.4sqm warehouse and 42sqm office (approximately)
• Five (5) on-site car parks
• Month-to-month tenancy providing exceptional flexibility for both owner-occupiers and investors
• Currently leased to The Cabinet Shop Limited (month-to-month)
• Returning $40,000pa net + GST
• Highly desirable Heavy Industry zoning

For further information or to arrange a viewing, please contact the sole agents.

Roman Van Uden
027 313 8803
roman.vanuden@bayleys.co.nz

Harrison Gregory
021 082 40922
harrison.gregory@bayleys.co.nz