Albany
5 Beatrice Tinsley Crescent, Albany, North Shore
+16
Industrial trifecta - asking $5.7m + GST (if any)
Seriously for sale. Realistic vendor says present all offers.
Bayleys is proud to jointly offer for sale, 5 Beatrice Tinsley Crescent, Rosedale, at an asking price of $5.7 million + GST (if any), showing a yield of 5.80%
A unique opportunity to purchase three outstanding office/warehouse units, on a single 2,440sqm freehold title, with a total return of $331k pa net.
Units B and C are fully leased with established tenants.
Unit A is offered as vacant possession, or with a 12-month rental underwrite.
• Unit's B and C have a combined rental income of $171,000 + GST + OPEX.
• Unit A is offered as vacant possession, or with a 12-month vendor rental underwrite at $160,000 + GST + OPEX.
The property is well located within the North Harbour Industrial Estate and has a commanding high-profile position at the corner of Beatrice Tinsley Crescent and Ride Way.
A mix of sizes and lease terms, with differing office to warehouse configurations presents flexibility for uses, underpinning the attractiveness of this offering.
Affordable freehold investments in Albany are a rare find.
Call the Sole Agents now for further information or to register your interest.
Laurie Burt
Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Location
The property is well located within the North Harbour Industrial Estate in Albany
Floor area details
1,493.50sqm (approximately) total floor area
Land area breakdown
2440sqm (more or less) fee simple site
Opportunity
A unique opportunity to purchase three outstanding office/warehouse units on a single 2,440sqm freehold title, offered to the market for the first time since built!
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