- For Sale
This highly versatile freehold asset has many facets and there are several options to explore with this property. The building has housed many uses over its life and Owner occupiers and/or Investors and/or Developers should all take note. There are two investment opportunities to suit the new owner;
1)the vendor will either enter a five year sale and lease back for the whole property offering a 6.5% return, or
2)offer Vacant Possession after July 2022 when the current Leaderbrand Produce Limited renewal expires.
Premises options in the Post Harvest and Food Processing industries in the Gisborne district and across New Zealand in general are very tightly held and this opportunity offers short term income while you work through longer term intentions for the site.
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 or residential subdivision is considerable.
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.
Ref #: 213967