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Sold Property
$1,180,000
Shannon Caldwell Harcourts Napier
This profile location within the main industrial area of Napier awaits a new owner as the vendor looks to divest and enjoy the fishing.
The property comprises two adjoining single storey industrial buildings that provide workshop and warehouse space and has a substantial yard. With the smaller of the two buildings providing a gross floor area of 557.8m2 being configured as a Marine Workshop. The larger has a gross floor area of 884.8m2 and is a Gym. This presents an opening for the astute investor to expand their portfolio.
Of note the smaller of the two tenancies has a rent review due which provides an opportunity to improve Net Yield.
Key features:
Land size: 2,744m2
Located in a tightly held market
Market rent review due mid 2019 for Tenancy 1
Low Napier Industrial vacancy rates
Act now and secure this opportunity.
Property ID: #NA6738
Office
Licensed under REAA 2008
Sold Property
This profile location within the main industrial area of Napier awaits a new owner as the vendor looks to divest and enjoy the fishing.
The property comprises two adjoining single storey industrial buildings that provide workshop and warehouse space and has a substantial yard. With the smaller of the two buildings providing a gross floor area of 557.8m2 being configured as a Marine Workshop. The larger has a gross floor area of 884.8m2 and is a Gym. This presents an opening for the astute investor to expand their portfolio.
Of note the smaller of the two tenancies has a rent review due which provides an opportunity to improve Net Yield.
Key features:
Land size: 2,744m2
Located in a tightly held market
Market rent review due mid 2019 for Tenancy 1
Low Napier Industrial vacancy rates
Act now and secure this opportunity.
Property ID: #NA6738
Shannon Caldwell Harcourts Napier
Office Harcourts Napier Licensed under REAA 2008
If you like what you see, but know you'll need to sell before buying, why not find out what you could be sitting on today with an instant Digital Property Appraisal, highlighting the market value including the recent sales, rental history, suburb insights and more.
$1,615,000 5 - 5a Wellesley Road, Napier South, Hawkes Bay 4110
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