Bayleys news & articles

Industrial premises offer affordable Golden Triangle access

Tags: Commercial

Over 3000 sq m of industrial buildings including a large cool store, which were originally part of a dairy factory, are for sale in the Waikato town of Taupiri.

Located on approximately1.8ha of land at 75 Henry Rd close to the Waikato Expressway Interchange, the property started out as a cheese making plant before being repurposed into a candy making factory and expanded in the late 1980s.

Known as Candyland, it become a popular tourist attraction holding tours and demonstrations where visitors could learn to make candy, as well as selling an extensive range of sweets, before its closure recently.

Mike Swanson who is marketing the vacant property with Bayleys Waikato colleague Alex ten Hove says the vendor is the former owner of the Candyland business and is now retired in his 80s and is very motivated to sell.

The property will go up for auction at 11am on Thursday August 30, in Bayleys’ Hamilton offices, unless sold prior to that date.

Swanson says the offering comprises an extensive range of buildings totalling just over 3700 sq m with a key drawcard being approximately 1200 sq m of pallet racked cool stores and a large rapid cooler.

“The premises would suit a variety of uses including storage, logistics and trucking as well as food or pet food production, either utilising or leasing the cool storage separately. Based on comparative market rental figures, the potential income from leasing the cool storage alone could be in excess of $100,000 annually.

“Another key feature of the property is its location only 20 kms from Hamilton on the new expressway and within the all-important Golden Triangle between Auckland, Hamilton and Tauranga. Smaller towns within the triangle are showing good growth because of their improved connectivity with these major cities and are benefiting from big businesses taking advantage of the much lower occupancy cost of business premises in these towns.”

Alex ten Hove says the production area in the main building had a food related licence to produce a variety of consumable products which could be reactivated. “The property comes with a treasure trove of machinery and workshop storage areas and has a large inventory of stock, plant and equipment including forklifts and engineering equipment.

“A large stock of confectionary production equipment is also part of the sale and includes mixers, chocolate plant with cooling tunnels and coating machines. Everything is being sold on as an ‘as is basis’.”

He says the substantial site provides extensive parking and hard stand areas with good truck access, as well as former staff and manager’s accommodation on the right hand side of the property. “While not currently used, if tidied up this area could have many applications.”

Located alongside the Waikato River, Taupiri is situated in the middle of one of New Zealand’s largest dairy, beef and sheep farming and provides essential rural supplies and services. It has a population of around 400 people and the North Island main trunk rail line railway runs through the town, being used predominately for transportation of goods from Auckland to Wellington and towns in between.

Almost 50 per cent of New Zealand’s GDP is generated within the “Golden Triangle” which includes the country’s two largest ports at Tauranga and Auckland. They will link with the multi-billion dollar, 480 hectare inland port being developed at Ruakura, on the outskirts of Hamilton and close to Taupiri. It is expected to generate around 11,000 new jobs for the region and contribute $5 billion to the economy every year.

“Taupiri will also continue to benefit from the ongoing development of the Waikato Expressway which is on its doorstep. When complete, it will provide over 100 km of continuous highway, with a minimum of four lanes, running from the Bombay Hills in the north to just south of Cambridge,” says Swanson.

Related articles