Needing space for your expanding business while also generating an income from your asset?
This property offers ample space and storage to accommodate multiple business operations while retaining long-term, proven tenants in the other half of the facility. It presents an ideal opportunity for an owner-operator to run a substantial operation from this expansive property, located just minutes from Katikati and within an easy commute to Tauranga city centre.
An outstanding opportunity for an owner-occupier or investor to secure a sizeable cool store and former pack house facility on Rea Road, just south of Katikati. Partly leased to reputable post-harvest operator Seeka, which occupies the cool stores, this well-maintained property is an exceptional proposition for an owner-occupier looking to relocate their business into the vacant portion of the premises while benefiting from the strong income stream provided by the existing tenant.
Alternatively, investors have the opportunity to lease the remaining vacant area, which has previously been owner-occupied. A passing net rental of approximately $180,000 per annum provides a solid income foundation, with the potential to increase this to more than $300,000 per annum once the entire property is leased.
The improvements comprise a mix of low and high-stud cool stores, workshop areas, generous mezzanine storage, well-presented offices, and quality staff amenities. The site features full drive-around access for ease of vehicle movement, along with a large central canopy that provides excellent all-weather operational space.
This unique property offers owner-occupiers and investors the opportunity to capitalize on the thriving kiwifruit industry, which is currently experiencing a significant shortage of cool storage facilities. Combined with its close proximity to Katikati's extensive orchard network, this property is ideally positioned to benefit from strong post-harvest demand for many years to come while delivering an impressive and reliable income stream.
Tender closing date: Friday 21st August 4pm
Land area: 1.0524 hectare (more or less)
Floor area: 4159m2 (more or less)
Current RV $4,680,000.00
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