78 Information Memorandum Austin Street Onekawa, Napier
01. Introduction
Colliers Commercial Hawke’s Bay has been appointed to market for sale by Tender 27th November at 4:00pm
This Information Memorandum provides preliminary information to assist interested parties with their assessment of the property.
All enquiries, requests for information and arrangements to undertake inspections in relation to this investment opportunity are to be directed to the agent, Colliers Hawke’s Bay:
Calum Ironside
Broker | Hawke’s Bay Mob: +64 27 698 6996
Email: calum.ironside@colliers.com
02. Executive Summary
Address
78 Austin Street, Onekawa, Napier
Site Area
3,640m² (more or less)
Net Lettable Area
2,328m² (more or less)
Tenure Fee Simple
Tenants
SAC Indoor Limited, Price Provedors Limited, Frontonics Limited, G and M Distributors, MDS Flooring Limited
Legal Description Lot 1 DP 22203
Certificate of Title
HBP1/909
Zoning Main Industrial
NCC Rates
$28,400.27 inc GST
HBRC Rates
$4,900.43 inc GST
03. Opportunity Highlights
Net Lettable Area
2,328m² (more or less)
Site Area
Freehold site of 3,640m² (more or less)
Location
Established industrial hub of Onekawa
Rental Income
$190,276.51 net rental pa + GST
Modern Standard
Building
100% NBS Unit D & E (Built 2004)
No known NBS Report on Unit A, B & C (Built 1991)
Under Rented Market Rental Assessment by Registered Valuation at $302,063 + OPEX + GST
Multi-Tenanted Investment Five separate tenancies
Future Development Potential Opportunity to enhance value through redevelopment
04. Property Description
Located in the heart of Onekawa, this well-presented industrial property offers a solid multi-tenanted investment opportunity with genuine rental growth potential.
Constructed in 1991 with a rear extension added in 2003, the property sits on a 3,640m² freehold site and provides a total rentable floor area of 2,328m². The improvements are of good quality, with clear-span warehousing, tidy office amenities, and ample onsite parking.
Currently fully occupied across five tenancies, the property returns a net rental of $190,276.51 + GST, with an appraised market rental of $302,063 + GST, highlighting potential upside for investors.
Zoned Main Industrial, the site enjoys strong profile to the main road and several difference tenancy sizes and shape, appealing to a wide range of occupiers.
05. Location
The property is strategically positioned off Austin Street and only moments from both Taradale Road and the Napier-Hastings Expressway.
Located in the heart of Onekawa’s industrial precinct, this site benefits from proximity to many of Napier’s leading light and heavy industrial businesses – making it an ideal base for a range of operators.
Key points of accessibility include:
- Napier / Hastings Expressway (within 2 minutes)
- Napier Port (within 10 minutes)
- Hawkes Bay Airport (within 5 minutes)
- Napier Central Business District (within 5 minutes)
ROR RENT REVIEWS
COMMENTS
Nil CPI Rent Review 1 January 2028 x 7 carparks
Nil Nil x 5 carparks (Tenant vacating 31/3/26)
Nil Nil x 1 carpark
Nil Nil x 5 carparks
2 x 3 years CPI Rent Review 1 September 2026 x 2 carparks
07.
Floor PlanNamed Tenants
08. About the Tenants
SAC INDOOR LIMITED:
SAC Indoor Limited operates a large indoor play and activity centre designed for children’s entertainment and family recreation. The business offers a range of attractions including playground equipment, birthday party packages and private event hire, appealing to a broad customer base within the community.
PRICE PROVEDORS LIMITED:
Price Provedors is a long-established marine supply business, servicing commercial vessels across New Zealand ports for over five decades. The company operates from this Onekawa site as a key logistics and distribution base, supporting its national supply network and longstanding industry relationships.
FORTRONICS LIMITED:
Fortronics Limited designs and manufactures advanced radio-controlled electronic choker systems for use in forestry operations. Based in Napier, New Zealand, the company has developed global reach with exclusive dealerships across New Zealand, Australia, the United States and Canada, while achieving measurable gains in efficiency, safety and profitability for its clients.
G & M DISTRIBUTORS HB LIMITED:
G & M Distributors HB Ltd is a well-established foodservice wholesale operator serving the wider Hawke’s Bay region. The company has operated for over 15 years and is part of a regional network of distributors, reflecting its strong position in the local foodservice supply chain. G & M supplies a broad range of food products and allied goods to hospitality and institutional customers, supported by active management and local ownership.
MDS FLOORING:
MDS Flooring Limited is a locally owned flooring retailer and installer, established in 2017. The company offers a wide range of flooring solutions, including carpet, vinyl, and timber products, catering to both residential and commercial markets. With a strong presence in the Hawke’s Bay region, MDS Flooring has built a reputation for quality service and expertise in flooring installations.
Title
RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 FREEHOLD
Search Copy
Identifier HBP1/909
Land Registration District Hawkes Bay
Date Issued 17 September 1991
Prior References
HBG1/415 HBH4/40
Estate Fee Simple
Area 3640 square metres more or less
Legal Description Lot 1 Deposited Plan 22203
Registered Owners
Maurice Joseph Prout, Trent Kaspar Fairey and Napier Independent Trustees Limited
Interests
Appurtenant hereto are party wall rights created by Transfer 536558.3
Appurtenant hereto are party wall rights created by Transfer 553794.1
562495.8 Lease to Maurice Joseph Prout and Jillian Lyndsay Prout Term 21 years computed from the 18.9.1975 and extended to and including 18.9.2017 - 17.9.1991 at 12.05 pm
562495.9 Mortgage of Lease 562495.8 to The National Bank of New Zealand Limited - 17.9.1991 at 12.05 pm
641535.1 Variation and Extension of term of Lease 562495.8 to and including 18.9.2017 - 4.6.1996 at 2.30 pm
7631463.3 Mortgage to ANZ National Bank Limited - 27.11.2007 at 2:45 pm
8409494.1 Variation of Mortgage 7631463.3 - 9.2.2010 at 9:34 am
Photo Gallery
11. Sale Process
Method of Sale
The property is being marketed for sale by Tender 27th November at 4:00pm
All enquiries, requests for information and arrangements to undertake inspections in relation to this opportunity are to be directed to the agent:
Available upon request:
- IEP Report (Units D & E - dated 2016)
- Builders Files
- Deed of Leases
- Asbestos Report
Calum Ironside
Mob: +64 27 698 6996
Email: calum.ironside@colliers.com
DISCLAIMER: This Information Memorandum has been prepared solely for information purposes in order to assist interested parties in making an initial evaluation of the property and does not constitute advice nor purport to contain all of the information that a prospective purchaser may require. In all cases interested parties must conduct their own investigation and analysis of the property and the data set out in this Information Memorandum to satisfy themselves in all respects and not rely on the information in this Information Memorandum to make their purchasing decision. This Information Memorandum has been prepared in good faith and with due care by Colliers, but neither Colliers nor the Vendor accept responsibility hereunder for the accuracy of any part of the information contained in this Information Memorandum. Therefore the recipient/s of this Information Memorandum to the extent that they rely on the information contained herein do so entirely at their own risk. The Vendor and Tremain Commercial Limited (and its brokers) expressly disclaim all liability for representations, express or implied, contained in, or for omissions from, this Information Memorandum or any other written or oral communication given to any prospective purchaser in the course of their evaluation and/or offer. This Information Memorandum does not constitute an offer for sale or purchase or otherwise. Tremain Commercial Limited, licenced under the REAA 2008.