Colliers are excited to announce for sale three titles within the heart of Napier’s Industrial hub. 31 & 35 Carnegie Road comprises a total of 2511m² floor area and 4032m² of land area, situated on a prime corner site.
Multi tenanted with reasonably longstanding occupancies from Taradale Precision Engineering (TPE) (floor area circa 1692m²), “The Nox” a crossfit tenancy (floor area circa 499m²), Wedderburn Scales (floor area circa 158m²) and a food processing facility of circa 166m². Current net rental is circa $193,000 + GST, with the estimated market net rental looking more likely upwards of $300,000 + GST, providing significant potential to add further value. TPE is the anchor tenant with a commercial lease and the three other tenancies on month by month. (The minor tenants have all expressed an interest in signing up commercial leases.) The main crossfit and TPE tenancy buildings have an seismic rating of 70%, the smaller 314m² building on the corner sitting at 45%. NB: Note all above floor areas are estimates only.
This property should appeal to all buyers – developers, investors and owner occupiers. For sale by Tender closing 4pm on Thursday, 29 September 2021 (unless sold prior from 9 September 2021).
The Information Memorandum, TPE lease, and siesmic and aspestos reports are available for download via the Secure Documents link at https://www.colliers.co.nz/p-NZL67015666
Ref #: 20764643
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