5 - 21 Beach Road, Otahuhu, Auckland

Well located heavy industrial property with long term leases to established tenants

A substantial 4.1ha industrial complex well located in a prominent corner position within the heavy industrial precinct of Otahuhu with established long term tenants. The property offers easy access to all major motorway systems, in particular, the southern and south western motorways, and is in close proximity to the Manukau CBD and Auckland Airport. The property comprises two main factory warehouses, together with adjacent warehouse dispatch areas, warehouse offices and amenities and yard areas. A two-level office building is provided to the Beach Road frontage of 21 Beach Road.

5 Beach Road is leased to Fletcher Steel, New Zealand’s leading importer, distributor and processor of steel, with over 10 years remaining on its current lease term. 21 Beach Road is leased to Pacific Steel, New Zealand’s only manufacturer of wire rod, reinforcing bar and coil products on a 7 year term expiring in June 2026 with the benefit of fixed 2.5% per annum annual rent reviews.

These large freehold industrial assets are part of the Centuria NZ Industrial Fund property portfolio.