Located in the heart of Napier's industrial area, Molloy Joinery have been operating from this site for many years. Founded in 1972, they have an excellent reputation for the high standard of their workmanship. Located across two warehouses, 14 and 16 Husheer Place, Napier provides excellent manufacturing space for Molloy Joinery together with a smart showroom for clients.
The investment sale has the following features:
- Long standing tenant net lease $120,000pa plus GST
- 3 year lease term from January 2025, with ROR until 2031
- Tenant pays OPEX, (rates and insurance)
- New type three fire alarm throughout
- Corrugated iron and block wall structures constructed 1979 and 1984
- 2029m2 (approx) freehold land area with 1263m2 (approx) building area
- Built in rental growth with annual CPI increases and market reviews on renewal
This is a well located industrial property that offers a great long term investment opportunity for your property portfolio.
For Sale by Tender closing 4pm Thursday 2nd October, 2025.
