60-64 Thames Street, Pandora, Napier

Significant Napier industrial with income

Our vendor is clear, this property is surplus to requirements and must be sold.

A large industrial landholding close to Napiers busy sea Port, Hawkes Bay Airport, and the state highway network, this high profile 3,735 sqm property offers significant opportunity to the savvy purchaser. Comprised of three leasehold titles, we bring to the market four industrial buildings (including multiple roller doors and gantries) currently leased to an established tenant for warehousing and retail, and a separate substantial office building of high quality previously occupied by our vendor which now awaits a new occupier.

The existing $57,500 plus GST gross rental is set for review in November 2020, with the first of two five-year renewals due in 2021. The 21-year perpetual lease on the land was last reviewed in 2012, providing another 14 years of certainty to the new owner.

This Pandora location is second to none, centrally located between the Napier Port & Hawkes Bay Airport (both just a 4km drive) and just minutes from the CBD and the State highway network accessing all of Hawkes Bay, and all other regions north and south. A significant industrial property rarely available is on offer here, and at a cost unattainable for a comparable freehold industrial property.

With a flexibility appealing to owner-occupiers, investors, and developers, your earliest inquiry and viewing is highly recommended.