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 a strong tenant in Clark Products Ltd – a long-standing New Zealand business and subsidiary of Connell Caldic Asia-Pacific. With over 50 years of operation, the tenant provides confidence in ongoing income.
The current lease has just under 6 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
- ~6 year lease term + renewals
- 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
