The leasehold interest in the land and building housing one of the Hawke's Bay's biggest recreational boating supplies stores is on the market for sale.
Much of the property at 60-64 Thames Street in the Napier suburb of Pandora is home to Napier Provedoring Company which stocks thousands of items utilised by recreational and commercial boaties – ranging from anchors, ropes and chains, through to fishing gear and maritime safety equipment.
The property consists of three large warehousing and office buildings sitting on 3,735 square metres of leasehold land across three individual titles. The largely-rectangular shaped property at 60 – 64 Thames Street is zoned Main Industrial under the Napier City Council District Plan, and is bordered by the council-owned Ahuriri Estuary Walk reserve facing onto the inner-harbour.
Marine retailer Napier Provedoring Company relocated to its portion of the Thames Street premises in 2016, and is now on a lease running through to 2021 with two further five-year rights of renewal. Currently generating gross income of $57,500 plus GST, a rent review is due in 2020.
The buildings at 60 and 62 Thames Street consist of two large portal frame industrial-style warehouses – one of 700-square metres and the other of 450-square metres – sustaining the open-plan showrooms and manufacturing workshop for Napier Provedoring Company, complete with full height doors and lifting gantries.