A large multi-tenanted Wairau Valley industrial property is being marketed for sale by NAI Harcourts’ Tim Turner and Andrew Bruce.
The property located at 85-87 Ellice Road is a large 1,424 m² (approx) industrial property occupying some 2,024 m² freehold land zoned Business – Light Industry under the Auckland Unitary Plan.
This tenanted investment is fully leased to four tenants, including HomePlus, Arts Steel, Suss & Grace Home Staging, and The Physio Co. It currently returns $ 199,000 per annum plus GST and outgoings.
Significant works were recently completed in 2021, including a new long run iron warehouse roof, skylights and flashings.
85-87 Ellice Road occupies a prominent road front position with a large front yard currently utilised for parking and access. It is surrounded by industrial buildings that have been consistently upgraded over the recent years.
Connections to the motorway are close at hand, with the property located approximately 20 minutes from the Auckland CBD.
Ellice Road is a well-regarded business address with many established brands occupying the area, including South Seas Film School, Vantage Aluminium, Pets in the City, Kitchen Makeovers, Scott Electrical and more.
85-87 Ellice Road is for sale by Deadline Private Treaty, 4:00pm Thursday 31st March 2022 (unless sold prior).