Pharmazen Ltd are now in receivership, and the instructions from the receivers are clear that this asset must be sold.
The steel portals are up, roof is on and the floor slab has been largely completed. The more specialized components of the building, being a cold storage area and separate laboratories, were not started so the building footprint to date is a relatively generic industrial offering.
With Orion owned transformers installed at the road front, the owners had plans for this property to have allocated a huge power supply (this availability would need to be confirmed with Orion).
Designed with production in mind, the medium-stud warehousing totals just over 2800sqm and has been constructed with multiple service conduits through the slab to allow for flexible production layout.
Positioned in the popular Tawhiri Industrial Park which adjoins the hugely successful 180ha Izone industrial development, the L-shaped freehold title totals approx. 1.40ha providing for significant expansion options or potential subdivision in time to come.
Unlock the value by completing this project and reap the significant rewards. Available for definite sale, all formal offers will be considered.
For sale by the receivers by way of Deadline Private Treaty: 4pm, Wednesday 20 May 2026 (unless sold prior).
*Boundary lines are indicative only.
Features:
- Circa 3,000sqm partially constructed building
- Freehold title of 1.3989ha
- Receivership Sale – must be sold
- Significant upside ability for the new owner
- Positioned in the popular Tawhiri Industrial Park
- L shape title with ample excess land
- Significant expansion options
- Medium-stud warehousing
More information: https://www.colliers.co.nz/p-NZL67039788
