5 Beatrice Tinsley Crescent, Albany, North Shore City, Auckland Industrial trifecta – asking $5.7m + GST (if any)

Available PropertyFiles:

  • /A. Record of Title/
    • NA101A_8_Title_Search_Copy.pdf
  • /B. LIM Report/
    • Beatrice Tinsley Crescent 5_LIM.pdf
  • /C. Lease Documentation/
    • Deed Of Lease Unit B Pt 1.pdf
    • Deed Of Lease Unit B Pt 2.pdf
    • Deed Of Renewal Unit B.pdf
    • Unit C Lease Pt. 1.pdf
    • Unit C Pt. 2.pdf
    • full lease and variation Unit B.pdf

Property Description

Seriously for sale. Realistic vendor says present all offers.

Bayleys is proud to jointly offer for sale, 5 Beatrice Tinsley Crescent, Rosedale, at an asking price of $5.7 million + GST (if any), showing a yield of 5.80%

A unique opportunity to purchase three outstanding office/warehouse units, on a single 2,440sqm freehold title, with a total return of $331k pa net.

Units B and C are fully leased with established tenants.
Unit A is offered as vacant possession, or with a 12-month rental underwrite.

• Unit’s B and C have a combined rental income of $171,000 + GST + OPEX.
• Unit A is offered as vacant possession, or with a 12-month vendor rental underwrite at $160,000 + GST + OPEX.

The property is well located within the North Harbour Industrial Estate and has a commanding high-profile position at the corner of Beatrice Tinsley Crescent and Ride Way.

A mix of sizes and lease terms, with differing office to warehouse configurations presents flexibility for uses, underpinning the attractiveness of this offering.

Affordable freehold investments in Albany are a rare find.

Call the Sole Agents now for further information or to register your interest.

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Terms of Supply

By accepting the information contained in this PropertyFile, I acknowledge I have read, understood and accepted the terms on which the information is made available.
1. Where information is supplied by the agent to customers, the information is information in possession of the Vendor(s) that the Vendor(s) are making available to the customer without endorsement.
2. No representation is made by the agent or the Vendor(s) as to the accuracy, or to the reliability, of any information made available to the customers.
3. The customer will seek such advice and explanation the customer may require from an independent specialist of their choosing.
4. Should the purchaser decide not to obtain their own specialist advice, they are deemed to have satisfied themselves on all aspects of the property and are buying solely in reliance on their own judgement and contrary to the recommendation of the agent.
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Contact Laurie Burt

Bayleys Real Estate Limited

Licenced under REA 2008

09 489 0983   027 413 6174   laurie.burt@bayleys.co.nz   All Listings

Laurie joined Bayleys North Shore Commercial 21 years ago after a long and successful career with the Royal New Zealand Air Force.

He has specialised in selling and leasing predominantly in the North Harbour industrial area however has successfully negotiated property transactions throughout the Auckland region.

Laurie has transacted in excess of $350,000,000 in sales and leasing over this period, finding himself in the top 20 for the entire Commercial and Industrial Bayleys network on numerous occasions. He has also ranked as one of the top five salespersons for the North Shore commercial office for the past five years. Laurie works diligently to achieve the best possible outcomes for his clients which is a testimony to his past results.

Laurie concluded 2016 as number one industrial agent for Bayleys North Shore Commercial and was placed 10th nationwide within the commercial and industrial sector.

Laurie’s philosophy is to work in partnership with his clients and not just to lease or sell property. He believes that where possible he can assist his clients on a referral basis benefits all concerned. This has helped him forge strong relationships with his clients.
Laurie has a senior role at the North Shore office as Associated Director and manager of the Industrial Team.
He takes pride in mentoring new sales people helping them create and successful career in real estate
Outside of Real Estate Laurie has an interest in politics, golf and is very family focussed with ten grandchildren that keep him very busy.

Achievements:
Top 5% of Bayleys Sales People 2016/2017
No. 1 Industrial Agent Bayleys North Shore Commercial 2016
Number 1 sales agent for North Shore Commercial 2011 and 2013
Top Achiever North Shore office past six years