This property was purchased by the fund in November 2017. The property is occupied by 3 tenants. Fern Fitness Limited (trading as Flex Fitness), Te Ora Puawai Limited and Rinnai New Zealand Limited. The site is located in the Auckland Airport precinct.
The site consists of a front a large rear warehouse and two story office building, with concrete paved access, parking and manoeuvring areas. With landscaped surrounds, it is a light industrial zoned front lot with the benefit of a great frontage and shared access.
Purchased
2017
Net Lettable area
3,051m²
Land Area
4,858m²
Purchase Price
$5M
Current Value
$7.85M
Annual Rent
$467K
Tenants
Rinnai New Zealand Limited, Fern Fitness Limited (trading as Flex Fitness), Te Ora Puawai Limited
Location
38 Richard Pearse Drive, Māngere, Auckland, New Zealand
© Provincia Property 2026
Fund Management LTD
WARNING: Provincia Property Fund Ltd and Provincia Property Fund II Limited are wholesale investment opportunities only. Prospective investors should be aware that any capital raise offer is not open to the public. It is only open to Wholesale Investors as defined in Clause 3 of Schedule 1 of the Financial Markets Conduct Act 2013 (The Act). Further information can be found in the relevant Investment Statement.
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