21 & 25 Hamilton Place presents a rare opportunity to secure two neighbouring freehold industrial properties in the tightly held Onekawa precinct, to be sold together as one investment.
The properties are underpinned by two well-established tenants, both having recently committed to new six-year lease terms with rights of renewal extending through to 2037, providing strong long-term income security.
21 Hamilton Place is leased to Senator Boats and comprises a modern industrial facility constructed circa 2005. The property includes a large clear-span warehouse, offices and additional improvements, set on a well-developed 3,397m² freehold industrial site. The total rentable floor area is approximately 1,678m².
25 Hamilton Place sits on a separate title and is leased to Price Engineering. Constructed in the late 1990s, the property comprises a high-stud workshop with office and amenities, totalling approximately 698m² on a 2,665m² freehold industrial site.
Together, the properties offer a combined landholding of over 6,000m² with established improvements and strong tenant covenants in place. Both tenants are long-standing operators who have demonstrated commitment to the location. A key highlight is the property’s exposure to the Napier-Hastings Expressway, providing excellent profile to high volumes of passing traffic along with strong connectivity to Napier Port, Hastings and wider Hawke’s Bay.
This is a compelling opportunity to secure a dual-income industrial investment in one of Napier’s most sought-after industrial locations.
For sale by Deadline Private Treaty closing Wednesday 24th June 2026 at 2:00pm (unless sold prior).
Features:
- Two freehold titles sold together
- Combined land area of approx. 6,062sqm
- Total floor area of approx. 2,376sqm
- Senator Boats – new 6-year lease
- Price Engineering – new 6-year lease
- Well-developed sites with modern/improved buildings
- Prime Onekawa industrial location
- Strong long-term holding income with future upside
- High profile exposure to Napier–Hastings Expressway
More information: https://www.colliers.co.nz/p-NZL67040448
