Listing Description
Premium Regional Industrial Investment Opportunity
17 Lindsay Road, Waipukurau, Central Hawke's Bay, Hawke's Bay
Asking price $1,150,000 + GST (if any)
Details
| Attribute | Value |
|---|---|
| Property use | Industrial |
| Agency reference | NZL67034930 |
Description
Colliers is proud to present to the market for sale this premium regional industrial investment opportunity at 17 Lindsay Road in Waipukurau. The property is leased for a 5-year term to a strong national tenant, Higgins Group Holdings Limited, with the current lease term expiring on 28 October 2028. This site represents a large landholding of 2.89 hectares, situated on a prominent corner site on State Highway 2. The existing infrastructure of 1,940sqm has recently been strengthened to 70% NBS, offering investors peace of mind. The property is available For Sale with an Asking Price of $1,150,000 plus GST (if any). For more information on this opportunity, contact Angus or Ash today. (Note. Floor areas, land areas and boundary lines are indicative only).
Features:
- Substantial freehold land area of 2.885ha (more or less)
- Total annual net rental $96,470 + OPEX + GST
- Seismic status: 70% NBS (PS4, prepared by Strata Group Consulting Engineers Ltd, dated 27 Feb 2025)
- Lease Term Expiry: 28 Oct 2028, with further rights of renewal
- Rent reviews: 5 yearly to CPI and market on renewal
Asking Price $1,150,000 plus GST (if any)
More information: https://www.colliers.co.nz/p-NZL67034930
Property Files
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Agent's details
Ash Hames
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Colliers Palmerston North, Commercial Consultants (PN) Limited, (Licensed: REAA 2008)
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