"This popular business precinct is home to a range of local, national and multinational companies including Ullrich Aluminium, Metro Glass, Stratco, NZ Post, Fastway Couriers and Markham.
"Onekawa is close to the Napier-Hastings expressway and benefits from good proximity to Hawke's Bay Airport and the Ports of Napier."
Chrisp says the property features a large, secure, sealed yard that provides an ideal container handling facility.
The main tenant is Chatham Island Shipping, which occupies a 600sq m main workshop and about 30sq m of office space. The company is signed to a three-year lease paying $42,000 net annual rent.
Three rights of renewal of three years each extend the total lease term to 2028, with market rental reviews on renewal. The next review is due in June next year.
Nelson Line Marking occupies 80sq m of office space and 20sq m of warehousing. The company is signed to a two-year lease earning $10,000 net in annual rent.
The next rent review is on renewal in December, with a further two-year renewal extending the total lease term to December 2023.
The remaining tenancy, on the corner of the site, comprises 270sq m of dedicated office space.
It is now vacant but could earn a projected $24,300 in annual rent once leased.
