Positioned in the Whakatu industrial precinct, this property comprises a quality high stud 600m² warehouse with generous concrete and hard packed yard. The tilt slab warehouse has a five bay loading dock with 100m² canopy for ease of unloading and loading in all weather conditions, complimented by a large hard packed turning area for ease of turning for B-Trains and large vehicles.
Leased long term to Fliway Transport Limited, who have rights of renewal to 2039, currently returning $117,300 net pa, with 2% fixed annual increases and market rent reviews five yearly, ensuring guaranteed growth for the investor.
The property is surrounded by well known and established tenants including NH Packing, Patton Engineering, Fruitpackers (HB) Co-op, T&G, and Silver Fern Farms to name a few. The building is well located to the Whakatu arterial link which provides critical connectivity to Napier, Hastings, all of our main industrial areas, the Expressway north and south and the Port of Napier.
For Sale by Deadline Private Treaty closing 4:00pm, Wednesday 20th October 2021 (unless sold prior).
Ref #: 20814828