New build industrial with national tenant


Lot 1, 351 Matakokiri Drive, Tauriko

By Negotiation

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New build industrial with national tenant | Lot 1, 351 Matakokiri Drive, Tauriko | 2502497 |      X Close
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New build industrial with national tenant


β€’ Long-term lease to Fliway Transport, an essential services logistics business, recently acquired by NZ Post

β€’ New ten (10) year lease returning $450,000pa plus GST and outgoings with fixed rental growth

β€’ Functional, with plenty of car parks, full drive around and expansive yard areas designed to Fliway's specification

A rare opportunity for an investor to secure an Industrial new build with an A-grade tenant in the highly desirable Tauriko Business Estate, NZ's fastest growing region with easy access to major road, rail and sea networks.

This new Fliway's Transport building will be their new regional depot and is situated on 7,682sqm with exceptional site circulation. The building itself includes docking bays for 12 bays each side within a 1,798sqm warehouse, a 488sqm canopy, 161sqm of office and additional yard allowance of 3,764sqm with an expected completion of September 2022.

The lease secured by way of a bank guarantee or additional $10,000 pa payment. As Fliway's is now owned by a SOE providing further comfort with tenant.

With industrial property emerging as the darling of all property investment classes in recent years, industrial assets of scale in Tauranga and close to Port of Tauranga rarely become available for sale.

Contact Mark Walton for a full information pack.

To assist purchasers with their assessment of the offering an online due diligence data room is available: https://www.propertyfiles.co.nz/651860003

Note building areas are as per plans provided and subject to final measurement

Mark Walton

Tauranga

Licensed under the REA Act 2008

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Lot 1, 351 Matakokiri Drive, Tauriko

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Mark Walton

Tauranga

Licensed under the REA Act 2008

View profile