Colliers are pleased to present this substantial industrial land and building package with a long-established tenant on a new six year lease. This property represents great value compared to replacement cost and as well as nearby locations like Mount Maunganui and Papamoa, where similar properties would have a much higher value.

Te Puke is a very tightly held market and there is very little supply of good industrial buildings. Buildings of this style and configuration are in high demand from tenants as well as having much more affordable rentals compared to other locations nearby.

Take advantage of this long-term lease for steady rental income as well as enjoy the capital gains over time of this reasonably priced industrial land and buildings.

Features:

• Land area: 4,004m²
• Building area: 1,160m² (approx.)
• Industrial shortage
• High demand property
• Current rental: $138,000 + GST & OPEX
• Future development potential
• Industrial zoning
• Low site coverage
• New 6 year lease
• Bank bond guarantee

More information: https://www.colliers.co.nz/p-NZL67033364