C and D/28 Lambie Drive, Manukau City, Manukau

Split-risk investment with strong upside

Joint Sole Agency

Key features:
• Diversified income stream with future value-add potential
• Excellent road frontage to Lambie Drive in central Manukau
• Functional units feature dual-level office with separate entrances and are complemented by functional warehouse space

Available to the market for the first time in over 35 years is this split-risk investment in Central Manukau. Comprising two individual titles, the building configurations lend themselves to multi-tenancies and have a mix of established and recently leased tenancies.

Now fully-leased, the property currently returns $275,088pa net with future rental growth opportunities. The functional units feature dual-level office with separate entrances and are complemented by functional warehouse space, appealing to a wide tenant range.

Located with a strong presence on Lambie Drive in central Manukau, the property benefits from proximity to key arterial routes, transport hubs and a large residential catchment and labour force.

Being sold together, there is future add-value potential through individual selldowns and potential rental growth. This coupled with a strong rental return from a diverse tenant mix make this an attractive investment opportunity.

Tim Bull
021 127 1831
tim.bull@bayleys.co.nz

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Lalit Arya
021 033 2309
lalit.arya@bayleys.co.nz