Positioned in the heart of Onekawa, this well-located industrial property at 104 Niven Street presents a compelling opportunity for owner occupiers, investors and value-add buyers alike.
Currently tenanted by NTD Plastics, the property returns $50,635 per annum + OPEX + GST, with just under two years remaining on the lease. Importantly, there is potential flexibility, with the tenant potentially open to vacating - creating an opportunity for owner-occupiers or investors to reposition and enhance the asset. An example is turning the 420sqm warehouse into three separate tenancies.
Adding to the income stream, Transport and Marine occupy part of the yard along with a container shed, contributing a further $5,200 per annum + OPEX + GST.
Key Highlights:
• Established industrial location in sought-after Onekawa
• Dual income streams with holding income in place
• Returning approximately $55,835 pa + OPEX + GST
• Potential to increase rental
• Opportunity for owner-occupiers to secure future premises
• Value-add potential
This is a smart acquisition for buyers seeking a mix of immediate income and future upside in one of Napier's key industrial precincts.
For further details please contact the listing agent Shannon Caldwell today.
* boundary line in photos indicative only
Deadline Sale closes 4.00pm Tuesday 5 May 2026, Harcourts, 308 Hastings Street, Napier (unless sold prior)
