$455,000 net income* in Napier Industrial Zone


37 Niven Street, Onekawa

By Negotiation

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$455,000 net income* in Napier Industrial Zone | 37 Niven Street, Onekawa | 2801080 |      X Close
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$455,000 net income* in Napier Industrial Zone


Simply one of the most impressive industrial buildings in Napier. Just 5-years old with 1,680m² of widespan floorspace with a massive 11m stud height (apex) and a full-sized canopy, secure access, parking and easy onsite circulation for B-trains across the 5,898m² fully concreted site. 100%NBS.

A twelve-year lease from new (2013) provides $285,780 net plus GST in contract rent from this impressive building plus a partial lease of the older building at the front.

In addition the balance of the front 1400m² is occupied by a long standing tenant who have recently extended their lease on site, providing an additional $78,000 net, plus GST. This front building has been assessed at 45-65% NBS. Long term opportunities for redevelopment here exist for the savvy property entrepreneur.

*Also available with the adjoining site (total of 8,170m² and $455,000 net contract rental). Buy one or both.

• Rare large-scale industrial zoned landholding (5,898m²)

• Proximity to main access and Port

• options to add significant value

• Total net income $363,756 + GST - perfect landbank

Jack Lee

Napier

Licensed under the REA Act 2008

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Kerry Geange

Napier

Licensed under the REA Act 2008

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37 Niven Street, Onekawa

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Jack Lee

Napier

Licensed under the REA Act 2008

View profile

Kerry Geange

Napier

Licensed under the REA Act 2008

View profile