$1,020,083 net income over 14 titles


135 Lowe Street (Cook Stores), Gisborne

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$1,020,083 net income over 14 titles | 135 Lowe Street (Cook Stores), Gisborne | 2752635 |      X Close
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$1,020,083 net income over 14 titles


After decades of ownership in a large infrastructure company, a rare regional New Zealand opportunity is presented to market. Comprised of fourteen freehold titles across over 1.6ha of Commercial zone, perfectly located between Gisborne's picturesque waterfront, regionally significant seaport, and the bustling CBD. Future development provides purchasers with long-term options while the existing fully tenanted 10,901sqm of cold store and dry good storage in impressive built assets provides a $1,020,083 + GST net income. The strength of the economy and primary sector has resulted in a significant demand for cool store and dry store space, workshops, and large format storage. Global material supply, capital, and resource constraints are restricting new build stock to meet forecast demand, making this an opportunity not to be missed. A partial sale may be considered upon favourable terms, but the savvy buyer will see the scale of this opportunity.

(Boundary lines are indicative only)

Tenders close: 4pm, Thu 21 July 2022 (unless sold prior)

10 Reads Quay, Gisborne

Mike Florance

Gisborne

Licensed under the REA Act 2008

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Kerry Geange

Napier

Licensed under the REA Act 2008

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135 Lowe Street (Cook Stores), Gisborne

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Mike Florance

Gisborne

Licensed under the REA Act 2008

View profile

Kerry Geange

Napier

Licensed under the REA Act 2008

View profile