Secure a prime property, tenanted by a reputable Engineering firm on the main entrance corridor into the Waipapa retail precinct. Situated in the bustling Waipapa Hub with excellent road frontage on Maritime Lane and close proximity to State Highway 10, this property offers exceptional exposure and access. The tenant also occupies the neighbouring property, hence the northern boundary fence has been removed by the tenant for full yard useability.
The Freehold property has a land area of 4,349m² and includes 450m² (approx.) of functional workshop space, complete with offices and amenities. The property is largely gravelled for full utilization for industrial operations. Maritime lane has recently seen the development of Plumbing world and it's new show room, as the road becomes better recognised for the profile it offers businesses to passing traffic entering the retail precinct compared to its historic no exit culdesac. Any future market rent reviews will reflect this change in added profile.
A long-term lease in place from an established tenant makes this an attractive proposition for investors looking for stable returns in a thriving, up and coming commercial area. The tenant is very committed to the premises having invested a lot in fitout, upgrading boundary fencing, automatic gate and large lean to off the eastern side.
Act fast - opportunities like this don’t last! Enquire for full rental details.
KEY FEATURES:
• Established tenant
• Long term lease
• Freehold land area: 4,349m²
• Floor area: 450m² (approx.)
• 4.8m stud height shed
• Excellent location within Waipapa’s Industrial Hub
• Close proximity to State Highway 10
For Sale
By Negotiation + GST (if any)
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