11 Raiha Street, Elsdon, Porirua Invest or occupy - Freehold industrial

Available PropertyFiles:

  • /1. Information Memorandum/
    • Raiha Street, 11_Information Memorandum-min.pdf
  • /2. Lease Documents/
    • ATL_Bowler Motors Ltd.pdf
  • /3. Title/
    • WN10C_1176_Title_Search_Copy.pdf

Property Description

• 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
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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Terms of Supply

DISCLAIMER AND STATEMENT OF GENERAL POLICY
The following information has been supplied to Capital Commercial (2013) Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.
Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.
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Contact Simon Butler

Capital Commercial (2013) Limited, Bayleys,

Licensed under the REA Act 2008

04 499 6022   021 128 9315   simon.butler@bayleys.co.nz   All Listings