Forecast to deliver a pre-tax return of 8.0% p.a. (to 31 March 2021).
Annual 2% increases in rent, with market reviews in year 6 and 12 to the greater of 2% or market rates.
A new 12-year ‘triple net’ lease to Surplus Brokers Limited.
A substantial 19,000 sqm land holding in an established South Auckland industrial location with good access to main arterials (SH1 and SH20).
35% site coverage provides for future development opportunities.
Vendor’s option to re-purchase after six years is forecast to deliver a pre-tax total return of 10% p.a. (if exercised).
Open to wholesale or eligible investors only.