Savills are pleased to present to the market 172 Plunket Avenue for the first time in 25 years, on a sale and leaseback to ASX listed medical company Australian Pharmaceutical Industries Limited.

The site has a commanding profile on Plunket Avenue, a key arterial in the area, providing excellent access to both major motorway systems. Wiri Inland Port is 500 metres away.

The 9,356sqm site is flat and rectangular in shape and has the potential for excellent future redevelopment. There is approx. 5,728sqm of improvements, which includes a mix of office, high stud warehousing and specialised pharmaceutical production areas. There is a side operational yard area and a substantial front car parking area.

There is a new two-year lease with renewals starting on settlement, returning $1,038,800 per annum. This is an exceptional opportunity for Investors, Owner Occupiers, Developers to secure an ASX listed medical company as a tenant on a large parcel of land in a first-class location in Wiri/Manukau.

Features:

• Freehold land area: 9,356sqm (more or less)

• Floor area: 5,728sqm (more or less)

• Returning: $1,038,800.00 plus GST and OPEX

• 70%NBS - B Grade Seismic rating

• Heavy Industry Zoning

• Excellent Motorway Access

• Future redevelopment potential

Call the Sole Agents to request a copy of the Information Memorandum and/or to arrange an inspection. Inspections are strictly by appointment.

For Sale by Deadline Private Treaty closing 4 pm Thursday 15th April 2021 (unless sold prior)