Long Lease - Longstanding Multinational Tenant

Colliers are proud to exclusively present for sale 19-25 Keeling Road, Henderson - A large scale standalone industrial investment occupied by a longstanding multinational tenant on a long term lease!   Secure and bankable, packaging specialist "Pact Group" has occupied this light industry zoned site for over 40 years and counting.   Returning $726,332 pa net, Pact Group is currently at the front end of a 10 year lease term, with built in annual CPI growth along with market reviews throughout.   Sitting on a 9,018 sqm freehold title, the functional asset ticks all the boxes, including: * Road front position * High warehouse ratio (86%) * Rear yard / container drop area * Ample parking * Building splits into 2 for future flexibility * Multiple roller doors * Sprinklered throughout * Easy truck access Astute investors will take note of the current contract rental rates.   Our long term vendor advises "seriously for sale - present all offers"!   Call the sole agents today to register your interest:   Matt Prentice 021 464 904, Shoneet Chand 021 400 765, Jack Tuson 027 448 1148 Features: * Returning $726,332 pa net * 9,018 sqm freehold title * 5,117 sqm standalone asset * Part way through a 10 year lease term (plus ROR’s) * Annual CPI growth + market reviews throughout * Longstanding multinational tenant covenant * High warehouse ratio (86%) * Rear yard + ample parking * Road front position * Low vacancy area More information: https://www.colliers.co.nz/p-NZL67037134