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A-grade investment with circa 6 years remaining on a lease to Milk Kitchen Limited, paying a net rental of $352,000 net plus GST per annum. There is also an additional rental payable of $3,576 plus GST per annum from a fire system upgrade noted as a Landlord Fixture and Fitting in the lease.

This is a must buy for investors looking for quality with an eye to the future. The property comprises a modern multipurpose facility. A large holding of land with room for expansion and a great position in a prime Hawke's Bay industrial area.

Nearby businesses include  significant operators such as Turners and Growers, Silverfern Farms, Carter Holt Harvey and Whakatu Coldstores reflecting the appeal of the Whakatu Industrial area.

Properties of this size and quality are rare and with the Hawke's Bay region continuing its solid growth, this is a strategic investment which cannot be overlooked.

The Information Memorandum, Lease and LIM are available for download via the Secure Documents link at https://www.colliers.co.nz/p-NZL67014057.



Ref #: 20659809
  • 14/04/2021
  • Contact our experts for details on this transaction.