771 Rakaunui Road is a c.4,500m2 site containing a c.715m2 industrial workshop with adjacent c.70m2 of Portocom offices and staff amenities. The site is fully fenced with two access gates, one off Rakaunui Road and the other from a shared access-way along the southern boundary, along heavy vehicles drive-around access.
The property is located north-east of Taupo Township in the Rotokawa industrial zone. It is close to the Taupo Racing Club and the Taupo Motor Sports Park, the venue for the New Zealand Supercars series. There is easy access to Taupo CBD, just 8 minutes’ drive away.
Access to State Highway One at its interchange with Centennial Drive is about 1km south-west of the property. The main building, (approximately 50m x 14.3m), is accessible through roller doors on the east and west walls and a large sliding door on the southern wall enabling access from the shared access way. The SH1/SH5 interchange is less than a 10-minute drive away.
The property is fully leased to Page & Macrae Limited, one of New Zealand’s leading engineering companies [ https://www.page-macrae.co.nz ]. The tenant has recently entered into a brand new, 5-year lease with two 5-year rights of renewal. The current annual rental is $110,000 plus GST and outgoings. Market rent reviews are 2-yearly.
Features:
* Brand new lease to Page Macrae
* Lease Expiry Date 1 April 2040
* $110,000 net income
* Leading engineering firm as tenant
* Fully fenced, dual access site
