Two properties, encompassing 107 small industrial units operated by Able Storage, and clustered in two freehold titles are for sale in Mount Wellington.
"The lock-ups are designed for use either as workshops or as storage spaces," says Mike Jensen of Barfoot & Thompson Commercial who is marketing the properties for sale by tender closing at 4pm on Thursday June 15 - unless they sell earlier by negotiation.
Ranging in size from 3sq m to 46sq m and located on opposing sides of the road, there are 30 units at No 49 Elizabeth Knox and 77 units at No 80.
• No 49 comprises a level regular-shaped freehold site of 2988sq m and provides excellent road exposure to Elizabeth Knox Place, he says. Rates are $14,278 net per annum; land value as at July 2014 was $1,110,000; the value of improvements totals $1,140,000; and the rating valuation was $2,250,000.
• No 80 comprises a rear lot of about 3366sq m that is irregular in shape, with access to the northern side boundary. This site falls in contour to the rear southern boundary by about 1.5m. Rates at No 80 are $13,674 net pa; land value as at July 2014 was set at $1,180,000; improvements are valued at $970,000; and the rating valuation is $2,150,000. No 80 is securely fenced and also comprises a Spark tower, which earns $8492 pa.
The units at both sites date from the 1980s and are constructed of galvanised cladding and roofing on a concrete slab foundation.
