World Class Coolstore Investments: Buy one or both


120 Henderson Road and 5 Hill Road, Omahu

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World Class Coolstore Investments: Buy one or both | 120 Henderson Road and 5 Hill Road, Omahu | 2801891 |      X Close
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World Class Coolstore Investments: Buy one or both


•$2.81m plus GST net rental (combined) with built in growth

•Two modern industry-leading coolstore assets and tenants

•Final Lease Expiries April 2041 and March 2035

•Essential industry investment with significant tenant demand

Two best-in-class coolstore facilities in Hawke's Bay both offering essential service investment opportunities. Available for purchase individually or together, both occupy freehold titles on the boundary of the Industrial Zone and fertile Heretaunga Plains of Hawke's Bay. Both modern purpose-built assets incorporate leading technology, including glycol refrigeration systems which are in high demand.

Tenanted by respected industry operators Mr Apple New Zealand Limited, part of the NZX listed Scales Corporation Limited (Hill Road) and Bostock New Zealand Limited (Henderson Road) on secure leases including annual growth as well as maintenance responsibilities. Final Lease expiries extend to 2035 and 2041, with discussions underway with both tenants to confirm these terms prior to settlement.

Forecast for coolstore demand in the region is huge, with an equally significant limit coolstore space available. Secure this passive tenanted investment in one of New Zealand's most secure sectors for your portfolio.

Lettable Area:

120 Henderson Road: 16,439.6sqm (including 1,200sqm concrete yard and 3,500sqm metal yard)

5 Hill Road: 18,566sqm (including 2,150sqm of bin storage area) + five designated carparks

Land Area:

120 Henderson Road: 2.6107ha (more or less) on a single freehold title

5 Hill Road: 3.5345ha (more or less) across three freehold titles

Kerry Geange

Napier

Licensed under the REA Act 2008

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Scott Campbell

South Auckland

Licensed under the REA Act 2008

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120 Henderson Road and 5 Hill Road, Omahu

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Kerry Geange

Napier

Licensed under the REA Act 2008

View profile

Scott Campbell

South Auckland

Licensed under the REA Act 2008

View profile