A Sweet Blend of Old and New

On offer here is an opportunity to secure a fully tenanted investment boasting two great quality tenants and the opportunity for growth.
Two substantial industrial buildings occupy the site which is located in the desirable Onekawa main industrial area on 5,898 m2 of land.

- Total current income $363,780pa net + GST
- Anchor tenant enjoying their first term of 12 years.

A modern purpose built warehouse to the rear, built in 2013 sits on a concrete slab foundation with concrete tilt slab walls and features a 6.8m stud height, canopy to the front and enjoys drive through access.
The warehouse is configured with office, 2 x substantial chillers and open warehouse.
The front building built in the 1960's comprises a warehouse with two level administration office annex attached at the front of the building plus car parking areas, security fences provide the required peace of mind to the site.
If you're looking for a quality investment occupied by growing businesses, look no further.
Call today to view...strictly by appointment only.

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Main Property Features

Listing Number: NA6698

Approx Floor Area:
3615 sqm
Land Size:
5898 sqm
Property Type:
Warehouse
Property Features:
2 x industrial buildings, warehouse & office
Parking
  • Carparks: 19
Property Details:
Tenanted Investment
Commercial information
  • Zone: Main Industrial
Tenure:
Fee Simple
Tenancy 1:
Commencement Date: 23 August 2013, Rental net/gross p.a.: $285,780 pa net + GST, Review Dates: 23/08/2015, 23/08/2017, 23/08/2021, 23/08/2025 (market) - 23/08/2019, 23/08/2023 (CPI), Rights of Renewal: 1 of 6 years, Tenant Name: Triple P Logistics Limited, Term (years): Twelve (12) years from 23rd August 2013
Tenancy 2:
Commencement Date: 10 January 2017, Rental net/gross p.a.: $78,000 pa net + GST, Review Dates: 10/01/2017, 10/01/2019, 10/01/2021, 10/01/2023 (market), Rights of Renewal: 2 of 3 years each, Tenant Name: Dove Hawkes Bay Incorporated, Term (years): Three
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Licensed REAA 2008

Harcourts Napier

Regent Realty Ltd

Licensed REAA 2008

308 Hastings Street
Napier
Napier
Office website or View office details

Property Location