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For Sale

Tender 19th Aug 2021 4pm (Will not be sold prior)

For sale by Tender  is a 330m² floor area on 811m² of leasehold land and building in a very low vacancy market area. The property is within in the heart of the Onekawa, Napier’s booming industrial hub and provides easy access to the Port of Napier and the Expressway.

This property has a multi-tenancy component and  comprises a 160m² workshop and two 45m² storage sheds, office area of circa 80m² with three offices, kitchenette and amenities.  Constructed in the 1980’s, the improvements include 3-phase power and a 35m² canopy off the office area.

6 Cadbury Road has a perpetual leasehold to Napier City Council with the current ground rental being $3,525.25 pa plus GST, the term is 21 years from 5 April 2002 (next rent review is at renewal).   Leasehold offerings like 6 Cadbury Road are increasingly popular for entry level owner occupiers and investors and provide an easy step up from renting and being an affordable Investment. 

The property is currently rented on a short term basis and can be sold as vacant possession.  Properties like this have recently been generating strong interest from buyers. 

Tender closes on Thursday, 19 August 2021 at 4pm (will not be sold prior).

The Information Memorandum in available for download via the secure documents link at https://www.colliers.co.nz/p-NZL67015627

Contact agent today for more details or to arrange a viewing.



Ref #: 20763059