Investment with upside

11, Sheffield Street, Paraparaumu, Kapiti Coast

Tender

Proposed Usage
Industrial
Floor Area
1264.00 m²
Land Area
3216.00 m²
Description:
Property ID
1c3mpp1

The current tenant has occupied this property for the past 24 years and have just committed to a new 3 year lease with further rights of renewal.
Located in the industrial heart of Paraparaumu, this area has come under increased demand since the opening of the new Expressway which runs alongside the property.
The upside is that if the tenant ever did decide to leave then there is potential to further develop this large site.
• 1,264m2 building on 3,216m2 land
• New 3 year lease to existing long term tenant
• Great exposure to Expressway
• RV $1,380,000

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Paraparaumu Area