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Listing Description

Listed: Wed, 26 Jun

Resilient use with a national brand tenant

79 Thorpe Road, Kaikohe, Far North, Northland

Asking price $795,000

Details

  •   1016m² Floor
  •   3963m² Land
AttributeValue
Property use
Industrial
Agency reference
1053778

Description

*Established commercial investment opportunity returning $69.574 net p.a. *Substantial 1,016sqm premises purpose-built for Waste Management, New Zealand’s leading waste and recycling provider *Underpinned by a 3,963sqm freehold site with underlying Industrial zoning *Located less than 2km from Kaikohe’s town centre

79 Thorpe Road is a resilient investment opportunity tenanted by Waste Management NZ as a dedicated refuse and transfer station.

Purpose-built for Waste Management, the substantial 1,016 sqm premises operate as the only transfer, recycling and refuse facility in the wider Kaikohe area.

Underpinned by a large fee simple landholding measuring 3,963 sqm (more or less) and zoned Industrial under the Far North District Plan.

Returning a secure $69,574 net p.a. from Waste Management, New Zealand’s leading waste and recycling provider, with a final lease expiry in 2038, this investment offers long-term stability.

Located less than 3 minutes travel time from Kaikohe’s town centre, the property’s position and use as a critical service for the region provides potential to be a resilient and passive long-term investment.


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Agent's details

Enquire about the property

Bayleys Whangarei - Mackys Real Estate, (Licensed: REAA 2008)

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