Mortgagee Sale - Provincial Industrial Opportunity

- 4047m² business zoned freehold site
- Two light industrial buildings of 856m²
- Large yard area for future development
- Dual tenancy options / split risk investment
- State Highway 1 profile and close to CBD
- Suit owner occupier or add value investor
- Affordable entry level industrial investment
- Current rating capital value $450,000

This property has been developed with an American style barn building that is approximately nine years old together with an older workshop building that was originally a general store. The balance of the site comprises a large yard area that includes a cell phone tower which occupies approximately 80sqm of the property under a 1/50 share. (as per title and encumbrance included in the appendices of this memorandum).

The site is elevated and situated on the eastern side of Taupo Street which forms part of SH1 at the southern entrance to the Putaruru township and enjoys good visibility to high volumes of passing traffic. The immediate area has a mix of commercial and light industrial activity with surrounding neighbours that include Gold Pine Timber, Van Dyks Flooring Xtra, Stihl Shop, The Honda Shop, Farmlands and Big Chill Distribution Depot.

The property is currently owner occupied together with a tenant on a month to month basis and is being sold by the BNZ as a Mortgagee without any warranties or representations. Therefore, this may well provide an affordable opportunity with numerous add value options for owner occupiers or investors alike to purchase!