5 Brock Way, Richmond, Nelson Rare freeholding investment
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Available PropertyFiles:
- Information for buyers.zip
Property Description
5 Brock Way offers investors a rare combination of a high-quality industrial facility, a secure tenant covenant, and a long-term lease structure with built-in growth. The building itself is exceptionally well balanced, with an 870sqm (approximately) warehouse, a 440sqm (approximately) office and showroom, and a 200sqm (approximately) workshop. Set on a 3,000sqm (more or less) freehold site, the property is practical and functional, while also presenting to a level that will appeal to both occupiers and investors for years to come.The tenant covenant underpins the investment, with a net $260,000pa + GST, fixed 2.75% annual growth, and rights of renewal extending the lease to 2044. For investors, this provides certainty of income while also ensuring steady rental uplift over the life of the lease. The strength of the tenant and the structured lease terms give confidence in the asset’s long-term stability.
Richmond is the leading industrial hub in Nelson Tasman, with few high-quality freehold opportunities available. Located near State Highway 6, the property offers strong connectivity and appeals to businesses prioritizing access and efficiency.
Key features
• Brand new building, returning net $260,000pa + GST
• Fixed annual growth with rights of renewal through to 2044
• Proven occupier with a strong national and global footprint
• Scarcity of prime industrial opportunities add weight to long term value
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Terms of Supply
The following information has been supplied to Bayleys Real Estate 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.
Contact Greg Hall
Bayleys Real Estate Limited
Licensed under the REA Act 2008
09 375 6839 021 023 21884 greg.hall@bayleys.co.nz All Listings
Armed with a degree in finance and accounting from the University of Otago, Greg is an integral part of the Bayleys Central & West Auckland Industrial Sales and Leasing team.
Greg is working at the forefront of Commercial and Industrial property throughout Auckland and his enthusiasm for all things property and business are reflected in his dedication to the role, including keeping abreast of current trends and market conditions.
Greg believes a strong client and agent relationship is key to any transaction, and paired with his hardworking attitude has lead to the conclusion of a substantial number of transactions in leasing, investment and vacant sales.
Greg thrives on the fast-paced environment and is not one to shy away from a challenge. He works with confidence and transparency and believes clear communication is fundamental to building strong business relationships.
Contact Gill Ireland
Vining Realty Group Limited
Licensed under the REA Act 2008
03 546 9455 022 184 2483 gill.ireland@bayleys.co.nz All Listings
Gill Ireland brings unique skills and a breath of experience gained internationally to Bayleys Nelson commercial team.
Originally from London, Gill joined Bayleys in 2013, having moved to NZ from Singapore.
Her career in international financial markets involved dealing with and advising clients from the UK and Europe to Asia and South Africa. As a result, she has developed strong networking skills and an ability to work closely with high net-worth individuals, corporates, and governments.
Bayleys’ commercial clients benefit from this knowledge and acumen and her approachable nature.
Clients range from buyers of multi-million-dollar buildings and businesses to small family business ownership or leasehold, to retail and office tenancies. Since 2013, Gill has built a strong base of contacts and developed extensive commercial property knowledge across Nelson-Tasman. She has a proven ability to maximise opportunities for developers and investors and her understanding of the commercial market helps her clients to seize the moment.
Gill can also offer her clients the powerful resources of Bayleys national network of 235+ commercial agents, giving access to a huge database of commercial property and business.
