75 Niven Street offers a substantial freehold industrial investment in one of Napier’s most tightly held precincts.
The property comprises a 5,852sqm site improved by a well-established complex of warehouse, manufacturing, showroom and office buildings, totalling 3,437sqm. Originally constructed in the 1970s, the improvements are functional and well suited to industrial use, with stud heights ranging from 4.2m to 5.5m.
The asset is underpinned by Clark Products Ltd, a well-established New Zealand business with more than 50 years of operation, providing confidence in the continuity of rental income.
The current lease has just over 5 years remaining, with further rights of renewal, ensuring long-term security.
A key feature of the property is its multi-building layout, offering flexibility and potential to split or reconfigure in the future.
Key Features:
- 5,852sqm freehold industrial site
- 3,437sqm total floor area
- Strong covenant tenant – Clark Products Ltd
- 1 x 10 year lease term (18/02/2022) and 2 x 5 year ROR's
- Multiple buildings providing future flexibility
- 70% NBS (ISA December 2017)
- Sought-after Onekawa location
A quality industrial investment combining scale, strong income, and long-term upside.
Please don’t hesitate to contact Calum Ironside if you require further details.
More information: https://www.colliers.co.nz/p-NZL67039309
