Listing Description
Listed: Fri, 17 Jul
Large format retail investment with development
107 Ford Road, Onekawa, Napier, Hawke's Bay
Details
| Attribute | Value |
|---|---|
| Property use | Development site |
| Agency reference | NC232057 |
Description
Positioned on a prominent 2,819m2 (more or less) site fronting Prebensen Drive, 107 Ford Road, Onekawa presents a compelling investment opportunity combining secure holding income with future development potential.
The property comprises a 535m2 (approximately) two-storey commercial building and is leased to Kennards Hire on a five year lease with annual CPI rent reviews and two rights of renewal, providing long-term income security.
Property Highlights
- 2,819m2 (more or less) freehold site
- 535m2 (approximately) two-storey building
- High-profile frontage to Prebensen Drive
- Five-year lease to Kennards Hire
- Annual CPI rent reviews
- Two rights of renewal
- Large Format Retail zoning
- Excellent future development and value-add potential (subject to council requirements)
- Strong holding income with long-term upside
Secure a well-located commercial investment underpinned by a quality national tenant while benefiting from the long-term potential of this highly visible Large Format Retail site. Contact Property Brokers Commercial today to learn more.
