A warehouse & office unit on Link Drive, in the Wairau Park precinct of the North Shore, sold under the hammer on a sub-5% yield at Colliers’ auction yesterday.
16L Link Drive:
Features: 401.2m² warehouse & office – high stud warehouse 192m², low stud warehouse/showroom 64.5m², offices on 2 levels 108m², mezzanine storage 37m², covered entrance 27m², 10 parking spaces; tenant North Shore Canvas Ltd has rent review in a year, final expiry January 2023
Rent: $63,850/year net + gst, including parking at $15/space/week
Outcome: sold under the hammer for $1.365 million at a 4.68% yield
Agents: Matt Prentice & Mike Ryan
Attribution: Auction documents.