nzcommercial.co.nz/102000
Ad ID: 102000

Unique Food Processing Facility for Sale Grenada North Wellington

Enquire about this "Unique Food Processing Facility for Sale Grenada North Wellington" property on nzcommercial

Land/Development - Industrial Investment

Location:
21 & 23D Dragon Street
Grenada North
Wellington City
Asking:
Price By Negotiation
Area (m2):
980.00

Commercial Property for Sale Description

Unique Food Processing Facility for Sale Grenada North Wellington 21 & 23D Dragon Street

Appointed as the Sole Agent by the vendor, CBRE New Zealand presents 21 and 23D Dragon Street, Grenada North, Wellington for sale by Private Treaty.

21 and 23D Dragon Street are being offered for sale as one, delivering owner occupiers, investors, and developers a four-year holding income, with a full net lease to a national tenant, Tegel Foods Limited. A truly unique offering with both properties presently being used for food preparation and cool store facilities, however they are not purpose-built facilities. Both properties are of tilt slab construction and include warehouse buildings with cool store/chillers and processing areas built within, providing increased flexibility, or alternatively in the future they could very easily be converted back to straight warehouse store distribution warehouses.

Coupled with the four-year net lease and a lack of similar premises offering cool store and processing facilities, 21 and 23D Dragon Street offer both flexibility and future proof optionality.

Investment Highlights:
- 21 Dragon Street: 1,160sqm
- 23D Dragon Street: Quarter share of 1,370sqm (260sqm of floor area)
- Warehouse/office converted to food processing/cool store facilities
- Four-year holding income with full net-lease to national tenant (Tegel Foods)
- Tilt slab construction
- Well-maintained and recently re-roofed
- Flexibility and future proof optionality
- Zoning: ‘Business 2’
- Chattels included
For more info
Contact: Gary Hansen

Gary Hansen

021 211 1754 or 04 474 9862
CBRE - Wellington
Licensed REAA 2008
Broker Ref: 1824811Q2

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