 Asset Class: | Industrial |
 Price: | $ 3520000 |
 Net Yield: | 6.25 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
The property comprises a total of 2,268m² net lettable floor area, predominantly made up of 1,211m² workshop, 692m² canopy and 130m² office/amenities.<br><br>The buildings are situated in the heart of Napier industrial and sit on 3,573m² freehold land, with multiple access points off Taradale Road and Dunlop Road.<br><br>RSM Engineering Limited are committing to a new 5 year lease at a net rental of $220,000 plus GST per annum from settlement
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Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
<br>Situated in the Onekawa industrial area approximately 4km southwest of Napier’s Central Business District. The property sit’s between Taradale and Dunlop Road. Taradale Road is a key link road connecting State Highway 2 (Napier/Hastings Expressway) and the Napier CBD. Dunlop Road is one road over and bound by Austin Street (centre street within Napier Industrial) and Carnegie Road. <br><br>The property is well located within 3kms of both Hawkes Bay Airport and Napier Port
Additional Location Information FileReinforcing Steel & Mesh Ltd (RSM) was established in 1987 and is a recognised supplier of Reinforcing Steel, Welded Wire Mesh and fabricated reinforcing product. <br><br>RSM is a family owned and managed business with a passion for service excellence. RSM has gained its reputation from the quality and expert service offered through our highly skilled Detailers and operations team. <br><br><b>We offer our customers: </b><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Accurate pricing and highly experienced advice. </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Ability to either mass produce products and/or create bespoke products as and when required. </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">End to end management of your order and delivery process ensuring you the customer get what you ordered when you wanted it.</span></p></li></ul><br><p style=""><b>Our difference:</b></p><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Our size allows us to meet demands of the largest and smallest customers.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Our highly experienced detailers offer great advice and accurate measures. </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">We manufacture mesh and can tailor products for appropriate volumes.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">We are a fully integrated provider of all reinforcing steel and accessories.</span></p></li></ul>
Initial Term:
Security:
Security Info:
Appraised Market Net Rental of $220,050 Local comparable: 31 Niven Street, Napier $122,785 Net $166 / sqm
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Solid Holding Income</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> - $220,000 net + GST & OPEX proposed</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Multiple Entrances</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> - Off Taradale Road and Dunlop Road</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Strong Tenant Covenant</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> - Well Established Business</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Desirable Location</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> - Zoned Main Industrial</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Freehold Title</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> - 3,573 sqm Total Land Area</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Built-In Rental Growth</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> - Fixed and Market Reviews</span></p></li></ul>
