Colliers international are excited to bring to market for the first time in 26 years, 37-41 Poland Road along with the adjoining property at 20 Hillside Road Wairau Valley, North Shore. Currently owned and occupied by New Zealand’s leading designers, manufacturers and installers of bespoke engineered building facades, Thermosash Commercial Limited.
Due to the need for future expansion, the tenant has entered into a new 3 year lease from 1 March 2021 with a further 12 month right of renewal, giving any investor / developer / occupier market rate holding income with built in rental growth.
Located in one of North Shores premium and convenient locations, the 5,838 sqm building on Poland Rd sits on a generous 8,589 sqm parcel of land. The adjoining property located at 20 Hillside Road, used as a storage yard for finished product, is a flat 1,619 sqm site. Together, there is just over one hectare of light industrial zoned land. Located less than 600 meters from the Tristram Avenue motorway interchange this makes the property easily accessible.
The two freehold & road front properties can either be purchaser together or separately.
- 37-41 Poland Road is returning $717,780 pa net + GST
- 20 Hillside Road is returning $72,864 pa net + GST .
The Poland Road property is well maintained and has the added advantage of a very useful secure yard area to the rear of the building.
20 Hillside Rd is 100% yard area, allowing for possible future development.
Features:
- 37-41 Poland Rd - 8,589m² Freehold Land Area
- 37-41 Poland Rd - Returning $717,780 pa net
- Investors and Occupiers must Inspect
- 37-41 Poland Rd - 5,838m² Net Lettable Area
- 20 Hillside Rd - 1,619m² Freehold Land Area
- 20 Hillside Rd - Returning $72,864 pa net
- Future Development Upside
- Excellent Wairau Valley Location
- Established National Tenant
- Buy One or Buy Both Properties
- 3 Year Lease from 1 March 2021
More information: https://www.colliers.co.nz/p-NZL67012804
