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1 of 1
Sold Property
$1,180,000
Shannon Caldwell Harcourts Napier
This profile location within the main industrial area of Napier awaits a new owner as the vendor looks to divest and enjoy the fishing.
The property comprises two adjoining single storey industrial buildings that provide workshop and warehouse space and has a substantial yard. With the smaller of the two buildings providing a gross floor area of 557.8m2 being configured as a Marine Workshop. The larger has a gross floor area of 884.8m2 and is a Gym. This presents an opening for the astute investor to expand their portfolio.
Of note the smaller of the two tenancies has a rent review due which provides an opportunity to improve Net Yield.
Key features:
Land size: 2,744m2
Located in a tightly held market
Market rent review due mid 2019 for Tenancy 1
Low Napier Industrial vacancy rates
Act now and secure this opportunity.
Property ID: #NA6738
Office
Licensed under REAA 2008
Sold Property
This profile location within the main industrial area of Napier awaits a new owner as the vendor looks to divest and enjoy the fishing.
The property comprises two adjoining single storey industrial buildings that provide workshop and warehouse space and has a substantial yard. With the smaller of the two buildings providing a gross floor area of 557.8m2 being configured as a Marine Workshop. The larger has a gross floor area of 884.8m2 and is a Gym. This presents an opening for the astute investor to expand their portfolio.
Of note the smaller of the two tenancies has a rent review due which provides an opportunity to improve Net Yield.
Key features:
Land size: 2,744m2
Located in a tightly held market
Market rent review due mid 2019 for Tenancy 1
Low Napier Industrial vacancy rates
Act now and secure this opportunity.
Property ID: #NA6738
Shannon Caldwell Harcourts Napier
Office Harcourts Napier Licensed under REAA 2008
Whether an owner-occupier or an investor we can help you determine the worth of your current asset. Why not find out with a Property Appraisal, highlighting recent sales and leases, property returns, market insights and more?
$1,615,000 5 - 5a Wellesley Road, Napier South, Hawkes Bay 4110
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