Investment with upside

11 Trig Road, Waihi

Asking Price NZD $2,500,000 + GST (if any)

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Investment with upside | 11 Trig Road, Waihi | 1689057 |      X Close

Investment with upside

Freehold land, buildings and business

•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 and the packhouse both hold all current certification for Zespri kiwifruit packing and storing.

The cool store is subject to a new 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 shorter term leases. The vacant packhouse (618 sqm approx ) could be used to continue the fruit packing business that was operating for the last 30 years or alternatively leased out - at an indicative rent of $25k - $30k pa.

Fully leased the property could give around 8% yield.

This an excellent opportunity for add value investors or for growers to control their own packhouse.

Please call Mark for further information

11 Trig Road, Waihi

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