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199E-F Triangle Road, Massey, Auckland
  • 199E-F Triangle Road, Massey, Auckland. Property Ventures Real Estate
  • 199E-F Triangle Road, Massey, Auckland. Property Ventures Real Estate
  • 199E-F Triangle Road, Massey, Auckland. Property Ventures Real Estate
  • 199E-F Triangle Road, Massey, Auckland. Property Ventures Real Estate
  • 199E-F Triangle Road, Massey, Auckland. Property Ventures Real Estate
  • 199E-F Triangle Road, Massey, Auckland. Property Ventures Real Estate
  • 199E-F Triangle Road, Massey, Auckland. Property Ventures Real Estate
  • 199E-F Triangle Road, Massey, Auckland. Property Ventures Real Estate
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Price:
by Negotiation

Are You Looking For a Solid Cash Cow?

199E & 199F Triangle Road Combined:

2 Tidy light industrial properties at 199 E & F Triangle Road Massey. Very appealing size and location for businesses. Unit F also has a small show room combined with warehouse. Plenty of parking out front.

Good tenants who have never missed a payment. Both tenants pay for 100% outgoings such as rates, water, and body corp. Body corp includes insurance. Unit F shares some of Unit E’s space (which is why the leases are similar value). Good location just off the Lincoln Road, Henderson off-Ramp.

  • Total Lease PA = $41,896.5 + GST & Outgoings
  • Rental growth PA: CPI + 2.4% Per annum
  • Lease Term: 3 Years with 1x right of renewal
  • Start: 1 June 2018,
  • Finish: (if all rights renewed May 31 2024)

 

Property 1: 199E Triangle Road, Massey

  • Size: 80m2
  • Description: Light industrial warehouse
  • Chattels owned by the landlord: Germination Room, New Re-wire, Heatpump, Lighting, recently painted, insulated roof.
  • Valuation (2020): $290,000
  • Tenant: Urban Micro Farm
  • Business type: Grows herbs and micro greens for seasonings and garnishings
  • Current Lease PA: $20,780 + GST & Outgoings
  • Valuation (2020): $290,000

 

Property 2: 199F Triangle Road Massey

  • Size: 170m2
  • Description: Light industrial warehouse + Show Room’
  • Chattels owned by landlord: Standard fixtures
  • Tenant: The Toy Lady Limited
  • Description: Sells and wholesales toys online. Primarily used for storage and distribution of product.
  • Current Lease PA: $21,116.50 + GST & Outgoings
  • Valuation (2018): $535,000

 


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