9/5 Polaris Place, East Tamaki, Auckland Refurbished tenanted investment-fresh 4 year lease

Available PropertyFiles:

  • Body Corporate.zip
  • /Information Memorandum/
    • Polaris Place 5 Unit 9_IM_15.09.2025.pdf
  • /LIM Report/
    • 2021 LIM Report Unit 9 5 Polaris Place .pdf
  • /Lease Documents/
    • Executed Agreement to Lease_9_5 Polaris Place_East Tamaki.pdf
  • /Record of Title/
    • Polaris Place 5 Unit 9_Record of Title.pdf

Property Description

Available now is a rare opportunity to secure a fully refurbished industrial investment in one of East Tamaki's most tightly held industrial precincts.

Unit 9, 5 Polaris Place comprises 420sqm (approximately) of functional floor area, complemented by nine dedicated car parks and an exclusive yard. The property is leased to Rapid Property Group Limited on a brand-new four-year term, returning $100,000pa net with fixed annual increases of 3% and market rent reviews upon renewal.

The vendor has recently invested more than $500,000 in refurbishments, including a newly concreted yard, upgraded office space, replacement of exterior cladding, new glass balustrading, and secure perimeter fencing. This ensures minimal future capital expenditure for the incoming owner.

Located in the heart of East Tamaki, the property benefits from strong occupier demand, low vacancy rates, and excellent accessibility across Auckland. Its practical layout and exclusive yard provide flexibility for a wide range of industrial users, enhancing its long-term investment appeal.

Key Features:
• 420sqm (approximately) total floor area
• Net income of $100,000pa + GST
• New four-year lease to Rapid Property Group Limited
• Fixed annual rental growth of 3%
• Exclusive yard and nine allocated car parks
• Over $500,000 recently spent on refurbishments
• Prime East Tamaki location

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Contact Harrison Gregory

Bayleys Real Estate Limited

Licensed under the REA ACT 2008

021 082 40922   harrison.gregory@bayleys.co.nz   All Listings

Harrison is a commercial and industrial broker, specialising in the vibrant East Tamaki area. With a bachelor's degree in Property (BProp) from the esteemed University of Auckland, Harrison brings a wealth of knowledge and expertise to his clients. Prior to joining the agency sector, he honed his skills in the property management division, gaining valuable insights into the industry.

Harrison is dedicated to fulfilling the diverse needs of both tenants and landlords across South Auckland. His collaborative approach with his team ensures that every requirement is met with utmost professionalism and efficiency. Beyond his professional pursuits, Harrison finds solace in the great outdoors. During his spare time, you can often find him indulging in his passions for fishing, diving, and a spirited round of golf.