Long lease, strong industrial fundamentals
An excellent opportunity for investors to secure a quality industrial holding with long-term lease security in Hillsborough's established industrial precinct.
Currently returning $96,363pa and increasing to $98,772pa + GST and OPEX on 1 February 2027, the property is leased to Leisure Tours on a near-new eight-year lease, providing dependable income and long-term security. The lease incorporates fixed annual rental increases of 2.5%, together with market rent reviews on every third anniversary of the commencement date, providing built-in rental growth over the lease term.
Property features
• Returning $96,363pa + GST and OPEX
• Near new eight-year lease to Leisure Tours
• Fixed annual rental increases of 2.5% - due 1 February 2027
• Market rent reviews every third anniversary of commencement
• 1,292sqm freehold Industrial General-zoned site
• Approximately 637.3sqm of total building area
• 451.5sqm warehouse with three roller doors
• 185.8sqm of ground and first-floor office
• 80% NBS
• 16 on-site car parks
Quality industrial investments with long lease security and sound property fundamentals are tightly held. This is a compelling opportunity to secure a well-located industrial asset with dependable cashflow.
For sale by way of Auction (unless sold prior) at 11.00 am on Thursday 10 December 2026 at 3 Deans Avenue, Addington, Christchurch.
For Property Files, copy and paste the following link: https://www.propertyfiles.co.nz/5532267
Contact the sole agents today for further information or to arrange an inspection.
Currently returning $96,363pa and increasing to $98,772pa + GST and OPEX on 1 February 2027, the property is leased to Leisure Tours on a near-new eight-year lease, providing dependable income and long-term security. The lease incorporates fixed annual rental increases of 2.5%, together with market rent reviews on every third anniversary of the commencement date, providing built-in rental growth over the lease term.
Property features
• Returning $96,363pa + GST and OPEX
• Near new eight-year lease to Leisure Tours
• Fixed annual rental increases of 2.5% - due 1 February 2027
• Market rent reviews every third anniversary of commencement
• 1,292sqm freehold Industrial General-zoned site
• Approximately 637.3sqm of total building area
• 451.5sqm warehouse with three roller doors
• 185.8sqm of ground and first-floor office
• 80% NBS
• 16 on-site car parks
Quality industrial investments with long lease security and sound property fundamentals are tightly held. This is a compelling opportunity to secure a well-located industrial asset with dependable cashflow.
For sale by way of Auction (unless sold prior) at 11.00 am on Thursday 10 December 2026 at 3 Deans Avenue, Addington, Christchurch.
For Property Files, copy and paste the following link: https://www.propertyfiles.co.nz/5532267
Contact the sole agents today for further information or to arrange an inspection.
Key features
Floor area details
637sqm total floor plate
Opportunity
Tenanted investment
Parking
16 on-site
