Located on a high-profile corner site in Whangārei’s thriving light industrial precinct, 265 Port Road presents a rare opportunity to secure a well-maintained, functional property with strong tenant history and future upside.
The property comprises a total floor area of 558 sqm (including mezzanine spaces), featuring 393 sqm of workshop and 87 sqm of office/amenities, all situated on a 726 sqm freehold site. It offers both front and rear access, supported by a rear right of way easement and a public service lane at the front, ensuring smooth operational flow and convenient parking. The location of the property on Port Road provides excellent connectivity to Okara, the Whangārei CBD, and State Highway 1.
Ross Insulation has occupied the premises for 15 years and recently renewed their lease for another two, generating immediate income of $87,000 per annum. The property is adjacent to Port Nikau, Whangārei’s newest mixed-use development, positioning it well for future value uplift as the surrounding area continues to evolve.
Industrial investment properties of this calibre are increasingly scarce, and an option exists to acquire the neighbouring property at 267 Port Road, delivering further scale and flexibility for investors or future owner-occupiers.
Contact Megan (027 346 4194) today to arrange a viewing.
Features:
- Established tenant returning $87,000 + GST net pa
- Low maintenance well-apportioned industrial asset
- Strategic corner site in thriving light industrial hub
- Functional layout featuring 393 sqm of workshop and 87 sqm of office/amenities on freehold site
- Front and rear access
- Adjacent to Port Nikau, Whangarei's newest mixed-use development
- Buy one or buy both
More information: https://www.colliers.co.nz/p-NZL67036983
