Napier Industrial Investment – Five Tenants & Up

Located in the heart of Onekawa, this well-presented industrial property offers a solid multi-tenanted investment opportunity with genuine rental growth potential.   Constructed in 1991 with a rear extension added in 2003, the property sits on a 3,640m² freehold site and provides a total rentable floor area of 2,328m². The improvements are of good quality, with clear-span warehousing, tidy office amenities, and ample onsite parking.   Currently fully occupied across five tenancies, the property returns a net rental of $200, 276.51 + GST, with an appraised market rental of $302,063 + GST, highlighting potential upside for investors.   Zoned Main Industrial, the site enjoys strong profile to the main road and several difference tenancy sizes and shape, appealing to a wide range of occupiers.   The current tenant mix includes:   * SAC Indoor Cricket * Price Providers * Fortronics * G & M Distributors * MDS Flooring To be sold by tender closing 4pm, Thursday 27th November 2025 (will not be sold prior).   Please don’t hesitate to contact Calum Ironside for further information on the property. Features: * Five tenancies, fully occupied * Net income $200,655 + GST (market rental $302,063 + GST) * Zoned Main Industrial * Strong location with excellent exposure and access More information: https://www.colliers.co.nz/p-NZL67037031