Colliers is pleased to present for sale 204 Kapiti Road, Paraparaumu by way of Tender closing Wednesday 5th November at 2pm (will not be sold prior).
- Attractive 520sqm (approx.) commercial building in central and highly desired Kapiti Road location
- Established tenant trading as Guthrie Bowron, with personal guarantees in lease
- Fresh rental uplift to $105,541 (plus GST) with lease term through to 30 June 2028
- Bankable NBS rating of 70% (IEP Report Steven Young & Associate Ltd) November 2024
Looking for a prime industrial-zoned property in a highly sought-after location? Look no further than this well-presented investment situated right on Kapiti Road, offering investors a stable and reliable rental income.
The business benefits from outstanding visibility for brand profile, generous showroom layout and highly functional flow for trade/product transitioning from the rear warehouse area.
Surrounded by national brands including MTF Finance, First Security, plus the new Ford Dealership and Kapiti Landing precinct, 204 Kapiti Road is strategically positioned for long-term value having appeal to a range of business uses, future proofing its attractiveness for sustainable tenure.
Astute investors should seize this opportunity!
For further information or to arrange a viewing of the property, please contact the sole agents:
Jo Stewart on 027 641 1680 or jo.stewart@colliers.com
Dean Anderson on 021 244 2931 or dean.anderson@colliers.com
*Please note: All floor areas are approximate only
Features:
- Attractive 520sqm (approx.) commercial building
- Established tenant trading as Guthrie Bowron, with personal guarantees in lease
- Fresh rental uplift to $105,541 (plus GST) with lease term through to 30 June 2028
- Bankable NBS rating of 70%
More information: https://www.colliers.co.nz/p-NZL67036460
