Superb Industrial Opportunity, Prime Location,

Bell Tea occupy this premium quality, well presented industrial property originally constructed circa 1960's with subsequent additions in 1976 and circa 2007. The building provides medium to high stud warehouse accommodation and associated offices, plus extensive mezzanine areas which incorporate a staff lunchroom and deck area, with the balance providing medium and low stud storage. \n\nEast Tamaki Road is a major arterial route, providing transportation linkage from the East Tamaki industrial area and surrounding residential localities to and from the East Tamaki interchange with the Southern Motorway.\n \nEast Tamaki is recognised as one of Auckland's prime industrial locations.\n \n- Excellent rental growth - rent reviews each year to CPI and to market every third anniversary \n- High quality, long-term blue chip tenant \n- Well presented buildings, well maintained\n- Very highly sought after industrial zone where stock is scarce \n- Excellent access to Auckland Motorway network and key transport links \n\nFor Sale by International Tender, closing 4pm, Thursday 7th August 2014 (will not be sold prior). \n\nPROPERTY DETAILS:\nNet Lettable Area: 4,119sqm (approx.)\nLand Area: 6,053sqm (more or less)\nZoning: Business 5\n\nTENANCY DETAILS:\nName of Tenant: Bell Tea and Coffee Company Limited\nTerm of Lease: 12 years\nCommencement Date: 1st October 2013\nRights of Renewal: 3 x 4 years each\nFinal Expiry: 30th September 2037\nRent Reviews: Rent reviews every year to CPI and to market every third anniversary \nCurrent Net Rental: $359,781 per annum\n\nFor more information on this property, please get in touch with the project team ir view online at www.thebellteaportfolio.co.nz \n