Occupy, develop or landbank – don’t miss out

275 Lytton Road, Gisborne

Industrial For Sale

For Sale by Deadline Private Treaty closing at 4pm Friday, 2 Aug 2019 (Unless sold prior)
Land Area: 5.29 Hectares.    Floor Area: 6,965.00 m2.    

Description

New to the market, this highly versatile freehold asset has many facets.  The building has housed many uses over its life and Owner occupiers or Investors in the Post Harvest and Food Processing industries should take note.  Located in the tightly held central Gisborne industrial precinct, the substantial land holding is well in excess of the needs of the building which can either compliment business growth or the development upside through industrial subdivision is considerable. Income from Leaderbrand until the current lease expiry in May 2020 will assist with holding income while you lock in your plans for this site.

The large industrial complex comprises a mixture of areas including warehousing, dispatch, coolstorage, food processing, canopy, office and amenities. The asset is ripe for re-positioning for the next chapter of it’s life by either continuing as a food processing facility or total redevelopment. 

Features

  • Enjoy short term income to 30 May 2020
  • Industrial subdivision upside
  • High demand for post harvest facilities in the North Island
  • Potential for redevelopment or upgrade for food processing
  • Popular industrial location with low vacancies
  • Freehold property close to Gisborne Township
  • Add value opportunity
  • Central growth location
  • Zoned: Industrial and Rural Residential
  • For sale by Deadline Private Treaty closing 4pm, Friday 2 August 2019 (unless sold prior)

Sale Areas

Area Size
Ground Floor - Laboratory/Office 59.8 m²
Mezzanine Floor - Office 42.8 m²
Attached Plant Rooms & Chemical Store 71.0 m²
Production Room 422.3 m²
Intake Area 166.8 m²
Packing 455.4 m²
Incubator Room 646.2 m²
Wine Store 129.4 m²
Chillers 1 & 2 1,339.1 m²
Finished Goods Area 1,668.4 m²
Mezzanine Floor 237.6 m²
Ground Floor - Office & Amenities 145.5 m²
Mezzanine Cafetaria & Office 126.1 m²
Process 57.6 m²
Canopies 1,396.8 m²

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