$160k net rental; 8-yr lease; Hawkes Bay


16 Kirkwood Road, Flaxmere

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$160k net rental; 8-yr lease; Hawkes Bay | 16 Kirkwood Road, Flaxmere | 2801001 |      X Close
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$160k net rental; 8-yr lease; Hawkes Bay


β€’$160,000 net lease with 8 years remaining

β€’1.6ha of land in location

β€’1,600sqm quality building

β€’Future capital and development growth opportunity

An impressive A-Grade property for the investor looking to add value and enhance their medium or long-term investment portfolio. Only a chance change in strategy of our vendor allows us to bring this opportunity to the market for your immediate attention in this tightly held part of NZ's food bowl.

With eight years of a 10-year lease remaining to essential service and local business icon The Village Press, take comfort in your investment. The tenant has successfully traded from the site for a number of years prior to the current lease supplying quality extra virgin olive oil around New Zealand and abroad, and comes off its best year ever as growth strategies and hard work start to pay off.

Located on the fringe of Hawkes Bay's ever popular Omahu industrial precinct and close to State Highway 50 and the Hawkes Bay Expressway, the property provides you with 1.6 hectares of flat land, well situated amongst Hawkes Bay's leading horticulture and cold store operators - some of the worlds best. For the wine lovers, the view over the renowned "Gimblett Gravels" wine producing area will cement the value on offer.

The highly attractive former winery showcase building stands tall with a large footprint of high stud, concrete tilt-slab warehouse with generous canopy for outdoor storage, as well as the potential for drive around truck access to the well-constructed loading bay. Offices, staff amenities, a lab or boardroom, and a welcoming reception area complete the picture.

The circa. 1,600sqm footprint building at the rear of the site provides additional opportunities for the long term development of the site, utilising the existing building with its full height barn-style doors, established tree lined access and feature landscape fronting the building, or look to add value with further development on site (subject to Council approval).

An investment not to miss.

16 Kirkwood Road, Flaxmere

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