500 Williams Street offers investors, developers or owner occupiers a unique opportunity to own a substantial land holding in Tomoana’s industrial precinct. A freehold land area of 8,050m² (more or less) and approximately 3,056m² of a mixture of buildings including food processing area, chiller and freezer space, medium-high stud warehouse, offices, and storage. The property has a net income revenue of $204,943.00 + GST and outgoings. There are 13 current tenants with varying lease tenures giving the successful purchaser options moving forward. Anchored by the lease to HB Trim and Canvas which was a six-year term from 2022, and who have occupied the site since 2015. This opportunity has great holding income over a sizeable freehold area and is ideal for a purchaser looking to maximise the development potential. However, the tenancy schedule may change and will be updated prior to purchase. For more information and to book a viewing please call Danny Blair on 021 826 496.
Features:
- Freehold light industrial land
- Located in Tomana’s industrial precinct
- Holding income from multiple tenancies
- Anchored by HB Trim and Canvas
- Opportunity to purchase further 4,000m²
More information: https://www.colliers.co.nz/p-NZL67031404
