Positioned discreetly off the street in one of Motueka's established industrial precincts, 34 King Edward Street presents a substantial and versatile investment opportunity with scale, functionality and long-term potential. Home to a well-established Engineering and Heavy Automotive business, the property approximately 3 years into a 5-year lease which commenced 1st October 2023, with a further 5-year right of renewal (should the tenant require this at the end of the current 5 year term). NOTE: A signed Guarantor is also in place for the term of the lease.
Set across a generous 3120sqm landholding, the property features an expansive 1028sqm workshop complex combining original improvements with a more recent high-stud addition that has significantly enhanced the usability and capacity of the site. The large workshop spaces are complemented by a secure fenced yard, allowing for efficient vehicle access, storage and operational flexibility suited to a range of industrial or commercial activities in years to come.
Previously owner-operated for many successful years, the premises continues to support engineering operations while also accommodating broader heavy automotive uses under the current tenancy. Conveniently located close to local amenities and with excellent access to main transport routes, the property enjoys a practical and highly functional setting within a tightly held industrial area.
Opportunities of this scale and nature are seldom available in Motueka, particularly with an established tenant in place at present. Offered for sale at Offers Over $1,100,000 plus GST (if any), this is a compelling chance to secure a sizeable industrial investment with immediate income and future versatility.