70 Corbett Road, Bell Block, New Plymouth

Substantial standalone industrial investment

• Underpinned by large freehold landholding of 2.0577ha
• Longstanding national tenant Timpack
• Easy access northbound via main arterial route (State Highway 3)
• Prime Bell Block industrial location

Tenanted by Timpack Industries Limited since its construction in 1999, with a net rental of $420,000pa and over four years remaining before the next renewal. Invest with confidence in a location where tenant demand consistently out strips the supply in the tightly held Bell Block industrial precinct. The well-constructed property presents an outstanding opportunity to secure an essential industrial investment that comprises of a 3,100sqm clear span warehouse with canopy, attached offices and amenities, two large dry storage buildings plus ample sealed yard with metalled hard stand areas.

The 2.0577ha site (more or less) ensures excellent truck movement in and around the buildings and provides more than 10,000sqm of secure lay-down storage. With relatively low site coverage, the potential for future development will be appealing to the add value investor.

The central Bell Block location has benefitted from a sharp rise in underlying land values driven by intense industrial and residential development in recent years. This is an 'A' grade investment opportunity not to be missed so be sure to register your interest with our Taranaki team.

For Sale by Deadline Private Treaty Thursday, 29 September at 1pm (unless sold prior), 15 Courtenay Street, New Plymouth