First-time buyers in hunt for storage units
Sixteen units for sale in a popular secure storage complex in one of Hawke’s Bay’s leading industrial hubs are tipped to attract first-time commercial property buyers and seasoned investors.
The individually titled units sit on perpetually renewable leasehold land at 82 Thames St in Napier’s Pandora industrial zone.
Fifteen units of approximately
35sq m, plus a larger corner unit of
82sq m, are all currently occupied on month-to-month rental agreements. Together they generate an estimated net rental income of $44,590 plus outgoings and GST per annum.
Units 5-8,10,14-16, 18 and 22-28 at
82 Thames St, Pandora, are now being marketed for sale by auction on Friday
9 July, through Bayleys Napier. Salesperson Mark Evans said the property for sale consisted of 16 units with a combined rentable floor area of approximately 610sq m.
“The 16 units form part of a singlestorey complex with a total of 35 units on some 2890sq m of flat, perpetually renewable leasehold land. The complex has a frontage of over 57m onto Thames St,” Evans said.
The units are laid out within a U-shaped block. Each has a stud height of approximately 2.7m with access via a tilt or roller garage door.
“The complex was constructed around 1983, with concrete foundations and flooring, timber framing and exterior walls of prefinished galvanised steel and plywood/fibre cement and, in the case of the western boundary wall, concrete block. Roofing consists of pre-finished galvanised steel.
“Amenities include toilets at the front of the complex, which are shared by all site users, as well as asphaltsealed parking areas with security fencing and gates to the front boundary.
“All services are available on site, with power to each unit metered individually, inclusive of rental for light power users. Armourguard Security opens the gates to the complex at 6am and closes them at 8pm daily,” said Evans.
The complex is located just over 1km from Pandora Rd, connecting to Prebensen Drive and the Hawke’s Bay Expressway with easy access to Napier Port and Hawke’s Bay Airport.
Recent roading changes have brought about an increase in traffic north and south through what is now a thriving industrial location at Pandora.
The property for sale forms part of the Main Industrial Zone under the Napier City District Plan.
“This zone is very permissive in terms of land-use activities,” said Evans.
“In Pandora it supports a variety of commercial and industrial activities including textiles, food processing, wood products, metal fabrication and container storage.
“Properties neighbouring the Thames St site are home to the likes of Napier Port 1 and 2 Depot, Hawke’s Bay Wine Company, Farmquip and The Pallet Company.”
Evans said secure storage unit properties with good access to industrial and residential areas generally had low vacancy rates.