202-220 Main Road, Kumeu, Auckland Split-risk investment with upside

Available PropertyFiles:

  • Information for buyers.zip
  • Lease information.zip

Property Description

First time on the market since 2016, 202-220 Main Road, Kumeu is hitting the open market. Located in the bustling heart of Kumeu's industrial precinct, opportunities like this are in high demand, with extremely low vacancy rates.

This property presents a unique opportunity for both owner-occupiers and astute investors alike. With excellent warehouse to office ratios, this versatile industrial building spans approximately 1,852sqm. Its strategic location in Kumeu's original industrial area ensures easy access to SH16 and SH18, with Westgate's Costco just a 10-minute drive away. Additionally, it is conveniently situated 27km from the CBD and Port.

• Split-risk industrial investment on a freehold site of 4,143sqm (more or less)
• Generating a net rental return of $289,744pa + GST
• Built-in rental growth with four tenancies on a combined floor area of 1,852sqm (approximately)
• Excellent high warehouse to office ratios

This property offers a great chance to acquire a multi-tenanted freehold Light Industry site spanning approximately 4,153sqm. Currently, the owners, Huapai Truck Painters, operate 910sqm (approximately). Flexible options include a leaseback arrangement with Huapai Truck Painters, or the owners can relocate their operations, freeing up space for potential owner-occupiers. The functional warehouse to office configurations of each unit provide investors peace of mind for future leasing opportunities. The building accommodates various industrial users, including Huapai Truck Painters, E-Cycle, Kiely Construction, and Kumeu Plumbers.

This rare find will appeal to a wide range of savvy investors seeking split-risk, passive investment with rental growth potential and options for owner-occupiers. Given the tight hold on Kumeu's industrial precinct, this building is a valuable addition to any investment portfolio.

Please do not hesitate to contact a member of the project team in regard to any aspect of the content included in this document or to arrange a viewing of the property.

Please fill in the form below and we'll email you a link to download the PropertyFiles, instantly.


Contact Craig Smith

Northwest Bayleys Real Estate Ltd

Licensed under the REAA 2008

09 953 4740   021 490 580   craig.smith@bayleys.co.nz   All Listings

With over 14 years of agency experience, Craig Smith, has built a remarkable career marked by his unwavering professionalism and a passion for exceeding client expectations. Craig is joining the well established Bayleys NorthWest team as a Director focusing on Industrial & Land opportunities.

Craig's journey in real estate began in 2004 and since then he has consistently demonstrated his knack for closing deals that leave a lasting impact. His enthusiasm for identifying opportunities, marketing properties effectively and skilfully negotiating successful outcomes for his clients results in consistently delivering better than expected outcomes.

Craig's achievements speak for themselves. He has risen through the ranks from broker to associate director to director, and regularly acknowledged with various salesperson accolades. Notably, he's been involved in some of the largest West Auckland transactions, including deals worth $51 million, $60 million and $68 million in the last 18 months.

Outside of work, Craig enjoys spending time with his wife and two young kids, Mollie and Tommy. He's a keen golfer and avid rugby supporter and prioritises physical fitness and mental focus as essential for success.

What excites Craig the most about property is working with a diverse group of stakeholders and helping them to achieve their property goals. His specialty lies in industrial developments (off-the-plan sales), large-scale residential development sales and investment sales in areas like Westgate, Hobsonville, Henderson and Avondale Industrial.


Contact Matt Clifford

Bayleys Real Estate

Northwest

021 516 515   matt.clifford@bayleys.co.nz   All Listings

Matt’s ambition, determination and his 20 year business and property market knowledge puts him well ahead of the rest. As part of the North West Auckland Industrial Sales and Leasing team, his expertise helps his clients to achieve better than expected results every time.

Matt has first-hand experience of undertaking his own large-scale greenfield site developments where he gained an enormous amount of experience engaging with designers, architects, land holders, developers, legal specialists & build and fit out specialists. He knows property from the ground up and every aspect involved in a real estate transaction.

As part of the Bayleys North West Auckland Industrial Sales and Leasing team Matt works strategically throughout the growing North West Auckland industrial market. Matt believes that better results are achieved as part of a team. He’s passionate about working with people and leading them towards a common goal of success so his clients experience exceptional outcomes. His entrepreneurial streak indicates his creative spirit, competitive nature and ability to successfully understand and negotiate the business aspects of any real estate deal.