Main Road Investment

SOLD - This listing was sold in July 2019
* Prime industrial Location
* Two tenants
*NBS 80%
*Ground Floor National tenant
* Land area 2,047m2
* Floor Area 1,116m2

This building comprises of showroom, warehouse and first floor offices constructed in 1970s , however recently refurbished and modernised. On a main arterial route with high exposure ..profile with easy access and parking , this property will suit a number of investors

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Main Property Features

Listing Number: NA7492

Approx Floor Area:
1120.4 sqm
Property Type:
Warehouse, Office, Retail
Approx Floor Area
  • Office Square Metres: 347
  • Showroom Square Metres: 284
  • Warehouse Square Metres: 489
Property Features:
Showroom/warehouse with first floor offices
Property Details:
Tenanted Investment
Commercial information
  • Zone: Main Industrial
Tenure:
Fee Simple
Tenancy 1:
Area Sqm: 806.4, Commencement Date: 01 January 2017, Expiry Date: 31 December 2028, Rental net/gross p.a.: 82,000 gross, Review Dates: CPI 2 yearly, Rights of Renewal: 1 January 2022 & 1 January 2026, Tenant Name: The TIle Depot, Term (years): 5 years
Tenancy 2:
Area Sqm: 314.7, Commencement Date: 01 May 2017, Rental net/gross p.a.: 25000, Review Dates: CPI on Renewal, Rights of Renewal: 1 May 2020 & 1 May 2023 Final Expiry 30 April 2026, Tenant Name: Your Solutions LTD, Term (years): 3 years
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Licensed REAA 2008

Licensed REAA 2008

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Harcourts Napier

Regent Realty Ltd

Licensed REAA 2008

308 Hastings Street
Napier South
Napier
Office website or View office details

Property Location