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Flaxmere

1A Kirkwood Road, Flaxmere, Hastings

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10,558sqm Floor area
15,030sqm Land area SQM

Private Treaty

(unless sold prior)

Chill out with prime income and yield


•No 1 blue chip multi national tenant
•16-year lease (eight years to go) plus two rights of renewal of six years
•CPI rent reviews
•Recent $1,500,000 (approximately) refurbishment to roofs and ceilings
•Tenant maintains and replaces all plant and equipment in landlord-friendly lease

This large high stud facility (over 10,000sqm of building) with excellent seismic rating provides significant capacity to the cold store industry in Hawke's Bay, where demand far exceeds supply.
The tenant is the largest cold store and supply chain company in the world with facilities in many countries.
Near neighbours include McCain Frozen Foods, Crasborn Group, Bostock Group, Wineworx, Sacred Hill Winery and Profruit.

For Sale by Deadline Private Treaty
(unless sold prior)

17 Napier Road, Havelock North

25

Mar

Time4pm
Calander
Calendar
Rollo Vavasour

Rollo Vavasour


Eastern Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Large cold store


High stud cold store investment

Long term lease


Nine years plus lease with two rights of renewal of six years

Major upgrade


Comprehensive refurbishment of roofs and ceilings