This is an unmissable 'set and forget' industrial investment opportunity, anchored by the internationally acclaimed tenant, Extreme Boats, just a short distance from the vibrant Whakatane township. The property provides a rare combination of income and significant future development potential. With Extreme Boats having just signed a new 12-year lease with a significant net rental of $560,000 + GST, featuring guaranteed built-in rental growth with a fixed 2% yearly increase and market reviews every 5 years. Beyond the world class tenant and the existing 5,589m² of versatile, low-maintenance buildings, the investment is underpinned by an expansive 4.1-Hectare land holding (41,052m²), offering substantial additional land for future expansion or development, providing a valuable capital growth element rarely found in today's market.
Investors can confidently enjoy robust rental returns from a proven global business while holding a massive land asset that offers flexibility and development upside in a highly desirable regional growth area.
Features:
- Net rental income: $560,000 + GST per annum
- New 12-year lease signed to world class tenant
- Total land area: 41,052m² (over 4 hectares)
- Substantial buildings of 5,589m²
- Large land holding offers significant scope for future expansion or subdivision
- Situated close to the growing coastal township of Whakatane
More information: https://www.colliers.co.nz/p-NZL67036970
