• Sought-after Tauranga industrial sector
• Substantial site with superb presentation
• Significant potential for future rental upside
• Strong annual net holding income of $473,760 + GST
This property comprises a standalone, immaculately presented industrial premises that includes 2,900sqm (approximately) of high stud warehouse with pallet-racking capabilities up to eight metres high, a 190sqm (approximately) low stud workshop, 208sqm (approximately) mezzanine storage and a 312sqm (approximately) canopy allowing for dry loading facilities.
A two-level office of 986sqm (approximately) complements the warehouse facility which includes both open plan and private offices, amenities and a showroom on the ground floor fronting Hynds Road. An extensive concrete yard extends service to the warehouse, staff car parking and outdoor storage.
Indications are the current tenant Newline Group Limited do not intend to exercise their final right of renewal on 1 February 2024 and may wish to assign or exit their lease earlier. This now provides options for re-leasing, owner occupiers or add value investors.
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