Positioned in the tightly held and highly sought-after Waiwhakaiho precinct, 10 Smart Road presents an outstanding opportunity with a compelling combination of holding income, redevelopment potential and future owner-occupier appeal.
The property sits on 1,220sqm (more or less) of land and currently provides a holding income of $70,200pa from national tenant NZ Post. The lease is due for renewal in March 2027, with a final expiry in March 2028, providing a secure income while considering the property's longer-term potential.
The main building comprises approximately 315sqm of warehouse space together with 105sqm of office accommodation. There is an additional 106sqm warehouse at the rear, constructed circa 2022, along with approximately 300sqm of secure yard. With Mixed Use zoning, a substantial landholding and an excellent position within one of New Plymouth's most established commercial precincts, the property is ripe for redevelopment and offers a genuine add-value opportunity.
Located opposite Harvey Norman and in close proximity to the Valley Mega Centre, the property benefits from outstanding exposure and access to one of the region's strongest retail destinations. Waiwhakaiho is widely regarded as New Plymouth's pre-eminent bulk retail location, and opportunities to secure land in this tightly held precinct are increasingly difficult to find.
Whether you're looking for a property with holding income, a strategic landbank, an add-value development opportunity or a future owner-occupier solution, this property deserves your attention.
Call now for your appointment to view.
