Located on a substantial 19.9732 hectare site, the property comprises modern warehouses leased to local and international tenants with additional development land for sale individually or together.
The five warehouses are leased to Tomoana Warehousing, Jamestrong Packaging NZ Limited and Fonterra Brands NZ Limited on long term leases and currently returning $2,557,765 net pa + GST. With a further 8.84 hectares of land zoned Industrial 7 – Tomoana Food Industry available for development, this diverse property ticks all the boxes any astute investor is looking for.
The property fronts Elwood Road, strategically positioned between the two main arterial routes, State Highway 51 and State Highway 2 and the new Whakatu arterial link. The central location means that the property is in close proximity to all main transportation routes around New Zealand, approximately 21 minutes from the Napier Airport and 22 minutes from the Napier Port and five minutes from Hastings CBD.
This is Hawke’s Bay’s 2019 commercial property offering of the year.
The property is for sale by way of expression of interest closing at 4pm on Thursday 12th December 2019, unless sold prior.
Ref #: 216593
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