Near new industrial with 6 year lease

59 Rimu Street, New Plymouth

Industrial For Sale

For Sale
Land Area: 2,295.00 m2.    Floor Area: 1,326.00 m2.    

Car Spaces: 9   

Description

Constructed in 2007 to an extremely high standard, featuring 7 metre stud warehousing, two huge canopies over the electric roller doors and state of the art offices and staff canteen facilities. The building is in excellent condition.

 Situated in the Rimu Business Park which has proven to be extremely popular with tenants, boasting 100% occupancy. The central location, being so close to the CBD and easily accessible to the State Highways has attracted a range of quality tenants including: Taranaki Electronics, Savemart, Altherm, Rimu Electrical and the Streamline Swim Academy.

Tenant:  Knight Group NZ Ltd
Net rental: $181,500 p.a. plus GST
Term: 6 years from July 2019
Rights of renewal: 2 x 3 years

 Knight Group has a staff of more than 35 and is an industry leader in office furniture, the wholesaler of New Zealand’s largest range of office furniture products. Currently Knight Group supplies over 375,000 furniture items per year to the New Zealand market, through a network of over 300 distributors. Current production volume of seating products is 2600 chairs per month using both its North Island and South Island factories.

Features

  • New 6 year lease to Knight Group
  • Net rental: $181,500 p.a.
  • Quality, 12 year old building
  • 7 metre stud height
  • Central, Strandon location
  • Industrial B Zoning

Sale Areas

Area Size
Warehouse: 822m²
Offices: 504m²

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