26 Cochrane Street, Elgin, Gisborne

Secure income with space to occupy

26 Cochrane Street presents a rare opportunity to secure a substantial industrial property combining secure investment income with exceptional flexibility. Set on a 5,749sqm (more or less) freehold site and improved by approximately 1,996sqm of buildings, the property offers multiple income streams while retaining a significant portion of the improvements for immediate occupation or lease.

The property's iconic grain silos will be leased back to Corson Grain on a new 5+5-year lease, providing reliable long-term income from one of New Zealand's most established grain merchants. A separate portion of the site is also leased to an established arborist business, creating a diversified income profile from day one.

Complementing these tenancies is a substantial workshop, office and secure yard area available with vacant possession, providing opportunities for owner-occupiers to establish their own business while benefiting from existing rental income. Alternatively, the available accommodation could be leased to further enhance returns.

Tender (unless sold prior) Closing 4pm,
Wednesday
16th September 2026
10 Reads Quay, Gisborne

Boundary lines are indicative only