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Listing Description

Listed: Sun, 6 Oct

c.6,334sqm Taupo Industrial

1/37 Manuka Street, Tauhara, Taupo, Waikato

Price by negotiation

Details

  •   905m² Floor
  •   6334m² Land
AttributeValue
Property use
Industrial
Agency reference
67031189

Description

For sale is 1/ 37 Manuka Street, an industrial property in Taupo's Tauhara industrial zone. The property is leased to Hog Haulage Limited, who have in turn sub-leased part of the property to international logistics company Team Global Express (TGE). 1/37 Manuka Street in total comprises a 6,334sqm property adjacent to the rear boundaries of 39-43 Manuka Street and the Taupo District Council owned Taupo Motor Cross park, which adjoins the eastern boundary.

The building is comprised of a c.800 sqm warehouse, including c.30 sqm of upstairs offices and staff amenities, plus an attached, c.105 sqm storage unit. The main building is accessed via 4 roller doors; 2 x 4400H x 4000W, and 2 x 4000H x 3700W. The roller door into the adjacent unit is 3500H x 3500W. The property is currently being used as a logistics and transport hub.

The lease commenced on 1 January 2022 and has final expiry date of 31 December 2036. The initial term runs for 5 years with two 5-year rights of renewal, the first being on 1 January 2027. The lease contains a right, from 1 January 2027, for the owner to terminate the lease by giving 3-months' notice in the event they wish to redevelop the property.

Key features:

  • c.6,334 sqm site
  • c.905 sqm warehouse | workshop | offices
  • c.$152,750 current net annual rental
  • CPI + 2% annual rental increases
  • Tenant - Hog Haulage Limited

For detailed information, call Hugh Milloy on 021 901 390.


Map




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Agent's details

Enquire about the property

Colliers, CIR Taupo Limited, (Licensed: REAA 2008)

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