This property was purchased by the fund in June 2019. The property is split risk across five different tenancies. TSS Workforce Limited, Southern Hospitality, Project Stainless Limited , Charity Clothing Collection Limited and Windows 2000 Limited. The site is situated just off State Highway 20 in an industrial precinct in Mangere.
The building consists of a two story office building at the front attached to a rear bay of warehouses. There is also a separate bay of warehouses at the rear of the property.
Purchased
2019
Net Lettable area
3,722m²
Land Area
7,315m²
Purchase Price
$6.8M
Current Value
$8M
Annual Rent
$415K
Tenants
Charity Clothing Collection Limited, Project Stainless Limited, Southern Hospitality Limited, Windows 2000 Limited, TSS Workforce Limited
Location
54 Tidal Road, Māngere, Auckland, New Zealand
© Provincia Property 2024
Fund Management LTD
WARNING: Provincia is a wholesale investment opportunity 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 is in the current Investment Statement.
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