OUTSTANDING INVESTMENT - NEW LYNN

After 27 years of ownership, our vendors have reluctantly decided to sell their investment property.
The Stratum in freehold property of 575m2(approx.) is located within the prime Portage Rd industrial precinct of New Lynn which benefits from the dual road entrances from Portage Road and Astley Ave and a long-standing and well-established tenant of 20 years.
The zoning is "Business - Light Industry zone" which includes manufacturing, production, logistics, storage, transport and distribution activities.
The well-presented building offers high stud, open plan warehousing with reception and offices on the ground floor plus a further office and open storage on the first floor. The efficiency for any business running from the building is heightened with the dual roller doors - such a benefit.

Property Features:
Total building area of 575m2 (Approx)
Warehouse 479m2 and Mezzanine 96m2 Plus added mezzanine storage
Road Front position with dual roller door entrance/exit
8 allocated carparks - 4 on Portage Road and 4 on Astley Ave
New Roof installed in 2021
Well established and long-standing Tenant of 20 years - currently returning $70,000pa net

The New Lynn location offers easy access to public facilities and services along with a thriving commercial, retail and residential community. New Lynn is a proven area for business growth along with easy connections to surrounding areas making this property a perfect opportunity for the astute investor.
The property is going to auction on Wednesday the 15th of November 2023 (unless sold prior). The auction venue is Ray White New Lynn, 14 Todd Plaza, New Lynn at 2.00 pm.
For more information or to arrange a viewing contact sole agents Trudi Pirini 027-333-3182 or Glenda West 021-591-231
New photos to be added soon!