Waipu
34-40 Cove Road, Waipu, Whangarei
+22
Secure + Growth + Potential Upside
Secure a substantial industrial investment property with a strong and diverse income stream. Enjoy long-term stability with a strong WALT, diversified tenants, CPI-linked increases.
Total Income: $462,349 pa + gst & outgoings
Split Risk: Three established tenants with long-term leases, providing stability and peace of mind.
WALT: 9 years
Income Growth: All leases feature CPI annual increases and regular market reviews.
Freehold Land: 4.2693 hectares, with only 12% site coverageāample room for future development.
Zoning: Settlement Zone Industry (Sub-Zone 3)
This investment offers a unique opportunity for discerning investors. With a solid income base and the potential for future growth, this property is an exceptional addition to any portfolio.
Key Features
ā¢Split risk with 3 tenants (Northpine, Waipu ITM & Category 6 Ltd)
ā¢Long term leases (WALT 9 years)
ā¢Annual CPI & regular market reviews
ā¢4.2693ha freehold industry zoned land
There are additional investment benefits that we can discuss in person ā opportunities that could further enhance the value for you.
Contact the sole agents:
Nigel Ingham 021-562 919 nigel.ingham@bayleys.co.nz
Daniel Sloper 021-022 10339 daniel.sloper@bayley.co.nz
Nigel Ingham
Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Daniel Sloper
Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Rent review
Total Income: $462,349 pa + GST & outgoings
Land area breakdown
4.2693ha freehold land, 12% site coverage
Floor area details
5,057 sqm (approximately)
Occupancy
Split risk: 3 long-term tenants
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