Top level industrial investment

4-6 Waitangi Road, Awatoto

Private Treaty

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Top level industrial investment | 4-6 Waitangi Road, Awatoto | 2801485 |      X Close

Top level industrial investment

• Large freehold land parcel totalling 24,520sqm on three titles

• New 10-year leaseback from settlement

• Returning $850,000 per annum net plus GST

• Well located industrial property totalling 16,633sqm of warehouse

• Generous groundwater consents

Large industrial landholdings are tightly held in Hawke's Bay. This 2.45ha opportunity in Napier's Awatoto industrial precinct provides a rare opportunity to secure a 10-year leaseback (plus 10yr RoR) to Cavalier Spinners Limited at $850,000 net per annum with built in 2.5% annual rental growth across the lease term, and a market rent review at 5 years.

Over 16,600sqm of building footprint, predominantly medium and high-stud height warehouse/factory, and heavy industrial concrete floors. Office, amenity, and servicing buildings support the site, and vacant land provides future development opportunity.

This investment opportunity deserves your attention. The property is to be sold individually or as part of a larger national portfolio for Cavalier Bremworth with other properties in Whanganui and Auckland offering an average WALT of 8.6 years, please contact Kerry or Daniel for more information. Click here to view details on the national portfolio view or paste the link into your browser:

4-6 Waitangi Road, Awatoto

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