This substantial industrial property is centrally positioned within the established Elsdon industrial zone. Offered to the market for the first time in over 40 years, this is a rare offering in the Porirua market.
A solid 1970s steel-framed industrial building configured into three self contained industrial tenancies. Flexibility is on offer for a range of industrial and trade-based occupiers, who can take the lot or occupy part and lease the rest.
The site benefits from excellent connectivity and strong surrounding industrial activity. The area's proven fundamentals underpin both leasing resilience and longterm value growth.
With periodic income currently in place, 11 Raiha Street presents clear upside for investors, while also offering opportunity for owner-occupiers to secure an industrial holding with strong bones.
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• Versatile industrial in proven strategic location
• Three high stud, self contained workshops with yard
• Tenanted on periodic leases with options to occupy
• Potential net income of approx. $204,794pa + GST
