2-22 Lee Avenue, Paeroa, Hauraki

Substantial investment with upside

• 3.1960ha (more or less) industrial land holding
• Multi tenanted investment anchored by NZ Post
• Returning circa $284,636 pa with potential upside
At the point of construction, 1 Railway Street Paeroa is said to have been the largest open span warehouse in the Southern Hemisphere. Once home to a bustling dairy factory the property has been reborn to house multiple tenants including the main distribution centre for NZ Post servicing the Coromandel Peninsular. The large warehouse is home to the three anchor tenants being NZ Post, Environmental Fertilizers and Eco Farm Aotearoa. Two smaller tenancies and a residential tenant complete the current tenancy schedule.
The property offers substantial upside with room to add to the current tenancy schedule or develop more warehousing utilising the potential vacant land. Situated just off State Highway 2, 1 Railway Street is perfectly positioned for its agricultural tenants with easy access to the Waikato and anchored firmly midway between Auckland and Tauranga offering a large audience of future potential tenants