Paraparaumu
112 and 118 Kapiti Road, Paraparaumu, Kapiti Coast
For Sale by Negotiation
Kapiti's King of Cashflow
Occupying a large strategic site on Kapiti Road, this substantial investment comprises 12 tenancies over four buildings and two titles. Anchored by national tenants Resene, Plumbing World, BNT and NZ Post this property has had a great leasing history with a diverse income stream and rental upside.
Enjoying over 10,000sqm of land and a 93 metre frontage to Kapiti Road, this property has significant future development potential underpinned by a great income stream.
Kapiti Road adjoins the Kapiti Expressway with over 20,000 cars per day and the Kapiti Landing Business Park is only 100 metres away.
To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/112and118KapitiRoad
• Anchored by longstanding national tenants Resene, Plumbing World, NZ Post and
BNT
• Great spread of risk across 12 tenants returning $700,103pa net
• Strong underlying land value - 10,631sqm of land
• Four buildings providing retail, warehouse and office
Mark Sherlock
Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Grant Young
Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Anchor tenants
Resene, Plumbing World, BNT & NZ Post
Multi-use
Great cashflow - future land bank
Passing income
$700,103pa net
Land bank
10,631sqm site
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