What all astute investors have been waiting for in 2021!
Featuring 2 established tenants on newly signed long term leases, 7-9 Cowley Place is a fully refurbished standalone industrial investment sitting on a 3,740 sqm freehold title, with dual drive entry, in one of Albany’s most sought after hot spots.
Returning $311,898 pa net, the asset will appeal to those looking for a diversified income stream, underpinned by long standing businesses: European Ceramics & Wine Central.
The 2,088 sqm high stud building (6.5 - 8.3 metres) has a desired high warehouse ratio, with ample parking & designated container drop area, along with 69m of street frontage, giving the property some serious presence & X Factor.
Vacancy rates in the Albany area remain at an all-time low due to limited land supply. Cowley Place is close to both Northern and Western motorway interchanges and surrounded with plenty of local amenities. Rosedale has also recently seen the approval of a $70m bus station upgrade, with work expected to commence mid 2022 as part of the Northern Corridor Improvements project.
Quality freehold industrial investments on long leases are a rare find in the sought after Albany market - call the sole agents to view this “must see” bankable asset today!
Features:
- Net return: $311,898 pa + GST
- 3,740 sqm freehold title
- 2 Established tenants
- 2 Long term leases
- Standalone 2,088 sqm premises
- High warehouse ratio
- Prime Albany location
- Newly refurbished
- A must see bottom drawer investment
- Sole Agency
More information: https://www.colliers.co.nz/p-NZL67014877
