Generous rural returns


591 No 1 Road, Te Puke

Asking Price NZD $1,049,000 + GST (if any)

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Generous rural returns | 591 No 1 Road, Te Puke | 2500775 |      X Close
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Generous rural returns


Located in Te Puke's horticultural mecca this 1.0800 hectare investment opportunity awaits a new investor or owner/occupier. A large packing shed, coolstore, loadout yard and office spaces with ample on-site car parking, two established tenancies plus additional site development opportunity make this an excellent add-value proposition.

Features:

- Solid cash flow returning net $76,302.50 per annum plus GST and outgoings.

- Established infrastructure with a total lettable floor area of approximately 2200sqm including monitored coolstore, pre-cool room and packing shed.

- The multi-purpose packing shed with recently installed new roof encompasses a packing area and offices on the ground floor. Upstairs the 293sqm mezzanine contains a large open plan area, plus staffroom and bathroom facilities.

- Large sealed loadout area approximately 760sqm provides heavy vehicle access to tenancies adding significant utility to the complex.

- Long term, the vacant land at the rear at the property provides options for a house site. With horticultural workers in hot demand, onsite accommodation could provide a further income stream (subject to Council regulations and consent).

- Located central to a number of quality kiwifruit orchards and approximately 7.2km from Te Puke township.

The packhouse is occupied by an established anchor tenant who has recently signed a new lease for five years with rights of renewal. The coolstore complex is tenanted by EastPack under a two year lease expiring in March 2021. This provides an opportunity to offer further rights of renewal to the tenant or alternatively may suit owner occupiers in the horticultural industry.

591 No 1 Road, Te Puke

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