- For Sale
On No 3 Road stands this former Seeka Packhouse, only 3 kilometres to Jellicoe Street, Te Puke’s main thoroughfare, or a 26 kilometre drive to the Hull Road gate of Ports of Tauranga.
The drive around building is Rurally Zoned, but is consented for commercial warehousing and storage uses. The heavy and light vehicle traffic movements have recently been increased to add to the property’s flexibility.
Currently the property houses an importing tenant that uses the buildings for devanning containers and warehousing. There are three large internal warehouse spaces and staff amenities, across the two buildings totalling 2,482m² of floor area. Substantial yard areas and vehicles access is provided around the buildings which sit on approximately 7,217m² of land. The tenant is on a new two year lease with rights of renewal. There is a major shortage of warehouse space in Te Puke, with tenants who have traditionally targeted the Mount or Papamoa looking further afield for capacity or more reasonable rental rates.
Built in the early 1970’s with renovations and extensions in the 1980’s and 1990’s the building scored a healthy 75% of new building standard in an initial seismic assessment.
This property will be popular with investors and could be a good medium term hold for an owner occupier. Call Mat or Rich today to discuss this opportunity.
Ref #: 20785815