274 Church Street, Onehunga

JLL exclusive presents 274 Church Street, Onehunga for sale By Negotiation. This industrial building represents an outstanding investment opportunity for investors seeking long-term lease security and confidence in tenant covenant strength.

Key Highlights

* Tenant (RCR Infrastructure Limited) backed by Hong Kong-listed parent company

* $352,000 p/a rental with built-in rental growth mechanisms

* Eight (8) year initial lease term

* Bank Guarantees providing additional security

* Freehold ownership with substantial street frontage

* Versatile industrial and office configuration

* 100% IEP rating

* Recently completed property refurbishment

This prominently positioned building sits within Onehunga's highly desirable industrial precinct sitting on 2,007 sqm (more or less) freehold title. The site features drive-through ability between Church Street and Furley Place allowing for easy vehicle movements.

The freestanding, multi-functional building provides 1,425 sqm of total floor space, comprising of a designated service and trade-retail area at ground level, with an open-plan office workspace featuring breakout rooms and training facilities on the first floor. The adjoining warehouse provides a stud height of 6.0m rising to 6.2m, with rear access via two 6m- wide roller doors. The property has undergone extensive refurbishment in recent years, allowing an investor to benefit from years of worry-free maintenance.

The property has leased to RCR Infrastructure Limited, commencing their lease from September. RCR Infrastructure specialize in asset management services with nationwide operations (9 stores) and 100+ staff across the country. RCR are driving a strong focus towards renewable energy solutions.

Positioned within the sought after Onehunga precinct, providing easy direct access to State Highway 1 and State Highway 20, enabling efficient distribution across the wider Auckland region and beyond.

Contact either agent for further information. Viewings by inspection only.