Mixed Use – split risk

95A Ford Road, Napier, is a modern mixed-use property in a fantastic located, constructed in 2016, and comprising both commercial and residential tenancies. This configuration offers a diversified income stream from three separate tenancies, with a total annual income of $148,926.

Purpose-built to high standards, the property features two commercial tenants on the ground floor and a spacious 267.6 m², five-bedroom, two-bathroom apartment on the first floor.

Tenant Mix:

MYLK (My Little Kitchen): Utilizes the premises for preparing hospitality food packages supplied to their retail stores and other outlets. As stated on their website: ”MYLK provides customers with the food they wish they had time to prepare. We like to think of it as a modern takeaway. Our menus are designed so that you can experience the pleasure of freshly prepared food, without any of the hard work, in the comfort of your own home.”

Portacom: A market-leading supplier of portable and modular buildings across New Zealand, offering organizations the perfect space to work, learn, or stay. According to their website: ”Portacom is a market-leading supplier of portable and modular buildings across New Zealand, offering your organization the perfect space to work, learn or stay.” portacom.co.nz

Residential Apartment: A 267.6 m², five-bedroom, two-bathroom apartment located on the first floor.

Additional Property Details:

Strategically located adjacent to Kmart, Torpedo7, and Mega 10.

Zoned for large format retail on freehold land.

Land Area: 350 m²

Floor Area: 585.24 m²

Specific confidential lease information is available upon request.

Paul Garland 02732 95777 [email protected]