1-4/16 Norrie Road, Drury Four titles with split-risk income and upside

Available PropertyFiles:

  • 16 Norrie Road - ISA Report.pdf
  • Certificate of Titles - 16 Norrie.zip
  • LIM - 16 Norrie Road.pdf
  • Lease documents.zip
  • Property File.zip
  • /Body Corp Documents/
    • Norrie RD_16_PCDS_Unit 3.pdf
    • Norrie Rd_16_PCDS_Unit 1.pdf
    • Norrie Rd_16_PCDS_Unit 2.pdf
    • Norrie Rd_16_PCDS_Unit 4.pdf
  • /LIM Reports (2021)/
    • Norrie Road 16 Unit 1_LIM_28.04.2021.pdf
    • Norrie Road 16 Unit 2_LIM_28.04.2021.pdf
    • Norrie Road 16 Unit 3_LIM_28.04.2021.pdf
    • Norrie Road 16 Unit 4_LIM_28.04.2021.pdf
  • /Property Files (2021)/
    • Property Files.zip

Property Description

Key features:
• Four (4) unit industrial complex with four (4) titles offered as one
• Split-risk income returning $114,574pa + GST upside from vacant units
• Business - Light Industry zoning in a high-growth Drury location near State Highway
• Motivated vendor with clear instruction to sell

Positioned within the rapidly growing Drury industrial precinct, this multi-unit industrial complex comprises four north-facing units on individual titles, offered together as a single holding. The property provides a combination of income and flexibility, with two units currently tenanted and two vacant, allowing for both immediate holding income and future leasing or owner-occupier upside.

Each unit is configured for functional industrial use, featuring clear-span warehouse space and roller door access, complemented by associated yard areas and onsite car parking. The total net lettable area is approximately 970.5sqm.

The site spans 6,710sqm (more or less), with good circulation for vehicles and equipment, although a portion of the land is impacted by the adjacent stream. The property is well suited to a range of buyers including investors seeking split-risk income, add-value buyers looking to lease the vacant units, or occupiers wanting to secure a foothold in a high-growth location.

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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

Throughout his distinguished 18-year career with Bayleys, Tony Chaudhary has built an exceptional reputation in New Zealand's commercial property sector. His proven strategies and outstanding results have established him as a leading figure in the South, East & West Auckland markets.

Market Excellence: With deep expertise in investment sales and tenanted retail opportunities, Tony has become a trusted name across Auckland. His comprehensive analysis of market dynamics and keen understanding of yield optimization enable clients to maximize their investment returns. This specialized knowledge, combined with strong connections to property owners, corporate clients, national retail groups, and international investors, frequently unlocks opportunities before they reach the open market. Through years of trusted partnerships and masterful negotiation skills, Tony has achieved numerous record-breaking sales that consistently deliver superior outcomes for his clients.

Strategic Innovation: Several key factors distinguish Tony's approach in the competitive marketplace. His extensive network of investors, business owners, and developers facilitates swift, efficient transactions, Tony identifies and maximizes each property's unique value proposition with sophisticated marketing strategies and deep market insights, making him the trusted advisor for discerning property owners seeking exceptional results.

Backed by the prestigious Bayleys brand, Tony's commitment to excellence and client success continues to set new standards in commercial property services. His strategic guidance and comprehensive market knowledge make him the preferred choice for investors seeking to optimize their property portfolio value in today's dynamic marketplace.


Contact Tom Doyle

Bayleys Real Estate Limited

Licensed under the REA ACT 2008

021 062 6261   tom.doyle@bayleys.co.nz   All Listings

Hailing from the dynamic city of Auckland, Tom's roots trace back to Sacred Heart College, a place that instilled in him values of determination, hard work, and excellence. While the early chapters of his journey saw him representing New Zealand on the football pitch, it's in the realm of real estate that Tom truly found his calling.

A transition from the field to the fast-paced world of property might seem unorthodox to some, but for Tom, the parallels were clear: both required strategy, insight, and an unyielding commitment to achieving one's goals. With an astounding record of over $100 million in sales and lease transactions under his belt, Tom's dedication to his clients and his craft is evident.

It wasn't long before Tom's reputation in the real estate sector caught the attention of Bayleys, leading him to join their esteemed ranks as a senior broker. Here, he channeled his vast experience and expertise into specialising in commercial and industrial sales and leases throughout South Auckland. His understanding of Auckland, coupled with his strategic approach to real estate, has solidified his position as a key asset to our team.

Whether it's crafting the perfect deal or scouting the next prime piece of commercial real estate, Tom Doyle's journey from the footy field to Senior Broker is a testament to his prowess, passion, and unparalleled commitment to the world of real estate.