"This quality industrial investment is occupied by Vocus (New Zealand) Holdings Ltd, a subsidiary of ASX-listed telecommunications company Vocus Group.
"The company has invested heavily in installing secure datacentre infrastructure at the premises, including specialist cooling and power systems. It is also responsible for 100 per cent of the property's outgoings."
Vocus is signed to a nine-year lease, expiring in October 2022, with two five-year rights of renewal extending the total lease term to October 2032.
The lease earns $196,000 plus GST in annual rent, with two-yearly market rent reviews.
Stratton says the property is well located within the North Harbour Industrial Estate.
"This established industrial precinct is popular among top national and international occupiers, which has helped to drive vacancy to near-record lows," he says.
"Quality occupiers in the area include HP Industries, Thermo Fisher, Amcor, Crown Relocations and Fuji Xerox, to name a few."
Stratton says the property is part of a four-unit development that occupies a road-front position on Parkhead Place, a cul-de-sac off Unity Dr, which is on the northern side of Rothwell Ave.
He notes the location's easy access to the Albany Highway via the Rothwell Ave intersection, which is a short drive away from the Upper Harbour Motorway.
The motorway is part of the newly completed Western Ring Route, which links the Northern Motorway to the east with the Northwestern Motorway to the west.
Prentice says the property comprises a warehouse, ground floor reception area, mezzanine office and sealed car parking for 24 vehicles.
"The building, constructed in the 1980s, has an A-plus seismic rating," he says.
"Its construction is of reinforced concrete foundations and floor slabs, structural steel portal frame, pre-cast concrete and long-run steel external walls, and galvanised long-run steel roofing.
"The windows are of bronze anodised aluminium joinery with clear glazing to the warehouse, and conservatory-styled tinted glazing to the upstairs offices."
Prentice says the mezzanine office is constructed of a pre-cast concrete floor supported by concrete beams and columns.
The mezzanine has lined internal office partitions, good quality modern carpets, and modern flush-mounted fluorescent lighting.
The ground floor reception area, located in a recessed lobby, features an attractive floating timber floor overlay.
Vocus Group owns and operates a global telecommunications network connecting Australia and New Zealand to the global internet.
Its New Zealand business offers an extensive fibre and data network, internet services, voice over IP, network security, and cloud and datacentre services.
Vocus Group also owns well-known internet service providers Slingshot, Orcon and Flip, as well as energy provider Switch Utilities.
