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.
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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.
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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.
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85-87 Ellice Road is for sale by Deadline Private Treaty, 4:00pm Thursday 31st March 2022 (unless sold prior).