9% yield commercial investment

11 Trig Road, Waihi

Asking Price NZD $2,100,000 + GST (if any)

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9% yield commercial investment | 11 Trig Road, Waihi | 1689057 |      X Close

9% yield commercial investment

Freehold land and buildings

•Cool store, pack house, storage sheds and office

•6,818 square metre flat site (more or less) with in and out driveway and extensive hardstand

Located just off the main Tauranga Highway 2km south of Waihi.

The 400,000 tray cool store holds all current certification for Zespri kiwifruit storage.

The cool store is subject to a lease to Seeka Ltd commencing 1st November 2019 at $131,250 p.a. for 3 years plus 3 x 3 year rights of renewal.

Most of the remainder of the property comprising the packhouses, sheds, associated concrete hardstand and freestanding office are leased on a variety of short term leases (less than 1 year). The vacant packhouse (618 sqm approx ) could be leased out - at an indicative rent of $25k - $30k pa.

Fully leased the property could give around 9% yield.

This is also an excellent opportunity for owner occupiers to operate their business from the rear of the property and have the lease rental pay for any borrowing.

Please call Mark for further information

11 Trig Road, Waihi

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