Sold Property

5 - 5a Wellesley Road, Napier South, Hawkes Bay 4110

  • 1584
  • 660 m2

$1,615,000

Prime Investment Opportunity in Prime Location

* A Grade Tenant
* 1584m2 land area
* 660m2 Floor area
* 70% NBS
* Current rental $83,100 plus outgoings per year

Quality single tenanted investment in prime location. The tenant Bridgestone New Zealand has been on site since March 2008 and has a lease in place until 2023 with market reviews every three years. Rights of renewals are also in place until 2032. (3x3x3)

The site works well for the tenant and is positioned perfectly for profile and access not to mention abundance of parking.

Call us now to discuss. Viewings are strictly by appointment only. Property ID: #NA6898

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Sold Date

  • 17 December, 2018

Property features

  • Property Type: Warehouse, Other (Workshop)
  • Warehouse Square Metres: 660
  • Property Details: Tenanted Investment
  • Zone: Fringe Commercial
  • Tenure: Fee Simple
  • Virtual Tour URL: https://www.youtube.com/watch?v=7zlzVUThpJY
  • Tenancy 1: Commencement Date: 01 March 2008, Expiry Date: 28 February 2032, Rental net/gross p.a.: 83, 100.00 pa net + GST, Review Dates: 3 Yearly, Rights of Renewal: 1/03/2023, 2026, 2029 as per variation of lease dated 23rd Sept 2014, Tenant Name: Bridgestone NZ Limited, Term (years): 15
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Office

Harcourts Napier

Licensed under REAA 2008

Repayment Calculator

Est. bond $1920
  • 1584
  • 660 m2

Sold Property

5 - 5a Wellesley Road, Napier South, Hawkes Bay 4110

$1,615,000

Prime Investment Opportunity in Prime Location

* A Grade Tenant
* 1584m2 land area
* 660m2 Floor area
* 70% NBS
* Current rental $83,100 plus outgoings per year

Quality single tenanted investment in prime location. The tenant Bridgestone New Zealand has been on site since March 2008 and has a lease in place until 2023 with market reviews every three years. Rights of renewals are also in place until 2032. (3x3x3)

The site works well for the tenant and is positioned perfectly for profile and access not to mention abundance of parking.

Call us now to discuss. Viewings are strictly by appointment only. Property ID: #NA6898

Property Features

  • Property Type: Warehouse, Other (Workshop)
  • Warehouse Square Metres: 660
  • Property Details: Tenanted Investment
  • Zone: Fringe Commercial
  • Tenure: Fee Simple
  • Virtual Tour URL: https://www.youtube.com/watch?v=7zlzVUThpJY
  • Tenancy 1: Commencement Date: 01 March 2008, Expiry Date: 28 February 2032, Rental net/gross p.a.: 83, 100.00 pa net + GST, Review Dates: 3 Yearly, Rights of Renewal: 1/03/2023, 2026, 2029 as per variation of lease dated 23rd Sept 2014, Tenant Name: Bridgestone NZ Limited, Term (years): 15
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Sold Date

  • 17 December, 2018
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Harcourts Napier

Office Harcourts Napier Licensed under REAA 2008

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