Cnr State Highway 29 & Te Poi Road, Te Poi, Matamata-Piako, Waikato

CBRE are pleased to present this high-profile approximately 1.3Ha Industrial Landholding located on the prominent corner of Te Poi Rd and State Highway 29, Te Poi Village Eastern Waikato, just south of Matamata and midway between the Port of Tauranga, Hamilton and Rotorua.

Comprising of two titles totalling approximately 1.3Ha of Industrial Zoned land along with a range of existing industrial buildings totalling approximately 5,200sqm with the balance of land in metalled yard space, there is a myriad of value add opportunities here.

Currently producing a net income of approximately $238,000 pa, from a range of tenants, many long standing on flexible lease terms, offering cashflow stability. There is the option to retain this income while further developing the site to extract more value. On the asking price, this represents an existing rental yield of approximately 8%, leaving ample upside opportunity.

Key Highlights

• 1.3ha of Industrial Zoned Land
• Huge exposure to State Highway 29
• Useful existing high stud (up to 10m) industrial buildings of approximately 5,200 sqm of floor area
• Existing holding income of approximately $238,000 pa from a range of tenants.
• Large metalled yard space currently under-utilised.

This property represents a significant opportunity for Transport and Logistics operators looking for good value storage and workshop space or Value Add Commercial Developers wanting the convenience of established and stable holding income. The Vendors are long standing owners who are now committed to a sale.

Asking price: $2,990,000 + GST (if any)

Please contact the John Bedford or Mark Calvert for more information or to arrange a viewing time.

Mark Calvert | CBRE Associate Director +64 21 988 096 mark.calvert@cbre.co.nz

John Bedford | CBRE Senior Director +64 21 772 121 john.bedford@cbre.co.nz