14-18 Honan Place, Avondale Rosebank Peninsula investment with upside

Available PropertyFiles:

  • IM - Honan Pl, 14-18.pdf
  • SPA - Honan Pl, 14-18 Final.pdf

Property Description

Key features
• Passive industrial investment returning a net income of $322,928pa + GST
• Underdeveloped site with future extension and repositioning options available
• Excellent car parking (31), access and site flexibility for devanning and storage
• Highly sought-after Rosebank Peninsula location

This established industrial property was developed in the mid-1970s and comprises two separate buildings. Construction is typical of the era, with good presentation considering age. The original building developed to the frontage has a moderate stud height of 6.0m while there is significantly improved space providing a showroom, office and amenities, in excellent condition. The attached rear building provides a high-stud open warehouse with office and amenities over two levels.

There is a single lease over both properties, to G3 Group Limited that has been in occupation since 2018, with the rear building having been recently subleased. Potential to renegotiate the current lease and reposition the occupation profile if the ROR option is not exercised in 2028.

Industrial property on the Rosebank Peninsula continues to be sought after and is generally well-held by investors. The property benefits from having two separate structures and is of an age where future add-value development will be considered.

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Contact Tony Chaudhary

Bayleys Real Estate Limited, Manukau

Licensed under the REA Act 2008

021995121   tony.chaudhary@bayleys.co.nz   All Listings

Tony Chaudhary’s proven strategies for attaining outstanding results for his commercial property clients have seen him rise through the ranks of Bayleys since joining the group 15 years ago. Tony has ranked amongst the company’s Top 5% of agents nationwide every year since joining Bayleys and he was awarded the esteemed title of No 1 Commercial Agent, New Zealand in 2020/2021.

Specialising in the South/East Auckland commercial property sales market, Tony’s expertise is also regularly called upon by his clients throughout the Auckland market as they recognise the value he can add to the real estate table.

Regularly dealing with individual property owners, corporate clients, high-profile national retail groups, and key international property clients, Tony’s business has grown exponentially on the back of repeat and referral business, record sales prices, a changing market, and clever solutions to his clients’ property challenges.

It is no surprise due to the continuing growth of the business that Tony is now supported by Janak Darji, Gaurav Minhas and Manu Pundir who each bring their own wealth of knowledge and expertise to the team. Tony’s proficiency in Hindi, Punjabi, and English, plus an understanding of Gujarati, allow him to gain people’s confidence and give him the edge in negotiations. Janak also speaks Gujarati and Gaurav also speaks Punjabi, Hindi and Fiji-Hindi.

Tony Chaudhary and his team efficiently services a growing national and international client base which values their diligent work, intelligent marketing strategies and proven negotiation skills that Tony has consolidated. Tony and the team invest significant time and energy to ensure that every avenue is pursued to find the right buyer for each property he is entrusted to market.

Deeply established in the Auckland commercial property market, Tony and his team, together with the reputable Bayleys brand, delivers exceptional real estate service to discerning property owners keen to realise true market value in the competitive marketplace.