Onekawa
91 Niven Street, Onekawa, Napier
+24
Tenanted industrial investment
• Tenanted investment
• Freehold 1,683sqm (more or less) Onekawa site with 698sqm (approximately) of
industrial warehouse
• Strong tenant with new three-year (June 2025) lease
• Net rental income $112,000 + GST + outgoings
Bayleys is pleased to present to market an investment opportunity in Napier's
tightly held Onekawa industrial precinct.
91 Niven Street is home to NTD Plastics, an established company designing, tooling
and manufacturing injection moulded plastic products for national and international
companies. An established company which has recently celebrated 50 years in
business with the majority of that time on this site.
The property offers 1,683sqm (more or less) of land and a building footprint of
approximately 698sqm; comprising warehouse and manufacturing along with a
separate porta-com office unit.
Returning a passing net income of $112,000 + GST, a new three-year lease in June
2025 and two further rights of renewal this property represents strong value with a
solid tenant in popular Onekawa Napier.
Register your interest today.
Grant Anderson
Eastern Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Matt Webb
Eastern Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Anchor tenants
NTD Plastics have been at the site for close to 50 years and have a strong attraction to the location.
Zoning
Onekawa industrial zone with 1683sqm (more or less) of freehold site and 698sqm (approximately) of industrial warehouse.
Add value
The site offers room for expansion of the existing building footprint or an opportunity to improve the seismic rating for the future.
Growth
Bi annual CPI uplift to ensure future rental growth.
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