25 Hamilton Place presents an excellent opportunity to secure a quality freehold industrial investment, backed by a long-term tenant commitment in Napier's established Onekawa industrial precinct.
Leased to Price Engineering, who have recently committed to a new six-year lease with a further six-year right of renewal, the property offers investors secure rental income and a long-term passive investment.
Constructed in the late 1990s, the property comprises a high-stud industrial workshop with offices and amenities, providing a total floor area of approximately 698m² on a generous 2,665m² freehold site.
The building's high stud, versatile layout and substantial landholding make it suitable for a wide range of industrial uses, including engineering, manufacturing, warehousing and associated trade businesses. This flexibility provides long-term appeal beyond the current tenancy.
A standout feature is the property's exposure to the Napier–Hastings Expressway, providing excellent business profile to passing traffic and convenient connectivity to Napier Port, Hastings and the wider Hawke's Bay region.
Key Property Highlights:
- 2,665m² freehold industrial landholding
- 698m² total building area
- High-stud workshop with offices and amenities
- Established tenant – Price Engineering
- New six-year lease plus six-year right of renewal
- High-profile position overlooking the Napier–Hastings Expressway
Combining a long-term tenant commitment, versatile industrial building and a large freehold landholding, 25 Hamilton Place presents an attractive passive investment opportunity with strong long-term appeal.
Quality freehold industrial investments in established locations such as Onekawa remain highly sought after.
Contact Calum today for further information or to arrange a viewing.
