$175,216+GST rental; A-grade tenant & location
• A-grade tenant - Bridgestone New Zealand Limited
• $175,216.98 +GST net rental, with built-in growth
• Six-year lease from July 2024; six-year right of renewal remaining
• Impressive modern building in popular Pandora industrial zone
The combination of location and strong tenant covenant will provide full confidence in this quite exceptional investment opportunity.
An impressive modern drive-through workshop supported by connected office, reception, and amenities across an 874sqm (approximately) floor area sits upon a 2,971sqm (more or less) freehold title within the highly favoured Pandora industrial zone. Severn Street is a busy connector road joins Napier's key urban locations and regional infrastructure, including the Large Format Retail Zone, Onekawa, the State highway network, Napier Port, and the Hawke's Bay Regional Airport. Just minutes from Napier CBD and Ahuriri Village, this property sits in the heart of Napier's key economic catchments.
A trusted brand in keeping transport moving, Bridgestone New Zealand Limited have operated from the site since 2014 following completion of this modern build, with a final lease expiry of July 2036. A fully sealed site with secure fenced rear yard ensures tenant function, as well as a very low maintenance investment.
An easy decision to start or add to your industrial investment portfolio.
For Sale by Deadline Private Treaty (unless sold prior) 2:00pm Wednesday 28 October 2026
• $175,216.98 +GST net rental, with built-in growth
• Six-year lease from July 2024; six-year right of renewal remaining
• Impressive modern building in popular Pandora industrial zone
The combination of location and strong tenant covenant will provide full confidence in this quite exceptional investment opportunity.
An impressive modern drive-through workshop supported by connected office, reception, and amenities across an 874sqm (approximately) floor area sits upon a 2,971sqm (more or less) freehold title within the highly favoured Pandora industrial zone. Severn Street is a busy connector road joins Napier's key urban locations and regional infrastructure, including the Large Format Retail Zone, Onekawa, the State highway network, Napier Port, and the Hawke's Bay Regional Airport. Just minutes from Napier CBD and Ahuriri Village, this property sits in the heart of Napier's key economic catchments.
A trusted brand in keeping transport moving, Bridgestone New Zealand Limited have operated from the site since 2014 following completion of this modern build, with a final lease expiry of July 2036. A fully sealed site with secure fenced rear yard ensures tenant function, as well as a very low maintenance investment.
An easy decision to start or add to your industrial investment portfolio.
For Sale by Deadline Private Treaty (unless sold prior) 2:00pm Wednesday 28 October 2026
Key features
Lease
$175,216.96 plus GST and outgoings, with contract rental growth and final lease expiry in July 2036
Location
in the central, popular and busy Pandora Industrial Zone
Anchor tenants
Bridgestone New Zealand Limited, a well-established respected and trusted brand and company
