Positioned in central Te Aroha, 7-9 Lipsey Street presents an attractive commercial investment opportunity, underpinned by a long-term lease to Farmsource, a subsidiary of Fonterra, New Zealand’s largest company, returning $90,000 p.a. + GST + Outgoings.
Farmsource has occupied the property for more than two decades, demonstrating the strength of the location and the property’s suitability for its ongoing operations.
Te Aroha is surrounded by some of New Zealand’s most productive dairy farming country, providing Farmsource with a strategically important location to service a strong and established agricultural catchment.
The property comprises a 1,569m² freehold site across two titles, with a highly functional drive through yard providing excellent vehicle access, loading and operational convenience for the tenant.
Over $700,000 has recently been invested in upgrading the property, including a new roof, seismic upgrade and modern internal fit-out. The extensive recent investment provides the new owner with a substantially upgraded and low maintenance asset.
A compelling commercial investment combining secure long term income, a proven tenant, over $700,000 of recent capital investment and a strategically important location serving one of New Zealand’s key dairy farming regions.
Features:
- Returning $90,000 p.a. + GST + outgoings rental income
- 10-year lease commencing November 2024
- 1,569m² freehold site across two titles
- Long-standing national brand tenant
More information: https://www.colliers.co.nz/p-NZL67042227
