Colliers Kapiti are pleased to present to the market 3 Sheffield Street, Paraparaumu by way of Tender closing Wednesday 29th April at 2pm. (will not be sold prior)
Positioned in the heart of Kāpiti’s tightly held industrial precinct, 3 Sheffield Street presents a compelling opportunity for investors and future owner-occupiers alike.
Timing and preparation are key! With an existing lease in place to MIMICO through to January 2028, buyers can secure a strategic foothold now while planning for the future.
Set on a sought-after freehold industrial site of 1,510 square metres, the property features a functional high-stud warehouse with two full height electric roller doors (3.9 x 4.0m) and office facility of approximately 325 square metres, currently returning $69,750 net per annum plus GST.
The current building footprint and generous rear yard provide clear scope to add value, with further development potential to maximise the site’s return.
Key highlights include an A-grade - 95% NBS seismic rating (Hamish Wells IEP Report – January 2026), perfectly positioned holding for redevelopment, and excellent connectivity just moments from the Kāpiti Expressway.
Industrial opportunities in this location are rarely offered, giving buyers the confidence that investing here today will deliver rewards well into the future.
Don’t miss your chance to secure this standout asset - Act on Tender and start planning your relocation, expansion, or next strategic investment.
Contact Team Kapiti today for further information or to arrange an inspection:
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 areas and values are approximates only.
*Boundary lines are indicative only
Features:
- 1,510 sqm of freehold land
- Building area - 325 sqm (approximately)
- Secure holding income - leased through to January 2028
- A grade 95% seismic rating
- Prime industrial location
More information: https://www.colliers.co.nz/p-NZL67039267
