Colliers, as sole agent, is pleased to present this outstanding opportunity to the market.
This substantial development and contractor’s yard has recently secured subdivision approval and will soon occupy its own freehold title of 7,650 sqm. Offering two buildings and extensive yard space, this property provides flexibility for investors or owner-occupiers - collect rental income while occupying or lease the balance for a strong return?
Property Highlights:
- 894 sqm Calder Stewart-built warehouse
Currently leased to Hallmark on a new 5+5 year term at $90,000 + GST and OPEX per annum.
-297 sqm vacant warehouse
Ideal for owner-occupier use or additional leasing with yard space.
- Approx. 4,000 sqm of yard area, with a significant portion concreted.
Strategically positioned in the heart of Rangiora’s rapidly growing industrial precinct, the property benefits from proximity to major retailers including Mitre 10 and Pak’nSave, enhancing its commercial appeal.
Large, well-priced sites offering multiple options and strong holding income are increasingly rare. Contact the sole agents at Colliers today for further information or to arrange a site inspection.
For Sale – Asking price $2,850,000 + GST ($372psqm + GST)
*Boundary lines are indicative only.
Features:
* Large Freehold title with holding income
* Develop/lease out or occupy
* $90,000 + GST and OPEX on a new 5+5 year lease
* 2 x industrial buildings
* Options galore
