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News Release

Auckland

Flexible investment opportunity on Auckland’s city fringe

JLL is marketing two warehouse units with great potential for owner occupiers or investors


 

 

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JLL is marketing two adjoining warehouse units at 43A Linwood Avenue, Mount Albert.

The two units are on a rear site in the Linwood industrial park, which is located behind Chamberlain Park golf course. Unit 7A offers 391 sq m and a net rental of $60,000 per annum. Unit 8A offers 441.5 sq m and a net rental of $57,000 per annum. 

The lease for Unit 8A is in place through to 2020. Unit 7A will be vacant from August 2017, however there is already interest from potential tenants. 

JLL agent Alex Wefers is marketing the units, which are for sale through an expression of interest campaign closing 7 April 2017.

“This is a fantastic opportunity for an owner occupier to run their business from Unit 7A while gaining a secure income from Unit 8A. Alternatively, an investor can buy both units and earn income from two tenants offering a split risk situation,” Wefers says.

Unit 7A has warehouse and office space and includes a food grade fit out. Unit 8A includes warehouse and office space as well as a two-bedroom apartment. Both units are accessible via an exclusive, enclosed corridor.  

The units are 800 metres away from the St Lukes motorway interchange giving tenants easy access to major transport routes, including the North-Western motorway system. 

“The property will be very well connected to the wider Auckland region once the Waterview Tunnel and Western Ring Route are completed in April,” says Tom Barclay, National Research Manager at JLL. 

The Baldwin Avenue railway station is also within walking distance, connecting the property with public transport links. 

Linwood industrial park houses 26 units which accommodate a variety of companies from the film and food industries along with various trades such as plumbers, electricians and roofers.

“The industrial park has zero vacancy and is an excellent alternative for those who missed out on investment opportunities in the Morningside industrial precinct last year,” Wefers says.

The property is zoned ‘Light Industrial’ under the Auckland Unitary Plan. This allows for a range of activities including manufacturing, production, logistics, storage, transport and distribution.​