Ad ID: 92420

Warehouse for Sale Takaro Palmerston North

Enquire about this "Warehouse for Sale Takaro Palmerston North" property on nzcommercial

Industrial/Warehouse - Bring home the bacon!

Price by Negotiation
Area (m2):

Commercial Property for Sale Description

Warehouse for Sale Takaro Palmerston North

CBRE (Agency) Limited, as the exclusive selling agent, is pleased to present 375 Tremaine Avenue, Palmerston North to the market for sale.

Located within the western arm of the industrial precinct of Takaro, Palmerston North, Premier Beehive NZ Limited (Beehive) are the sole occupants of this 2.12 hectare freehold site with building improvements of 6,391 sqm.

Leased to Premier Beehive for 15 years from 14/7/14 to warehouse and distribute bacon, ham and other meat products.

With fixed annual rental growth and future expansion opportunity, this investment delivers an asset that must be considered to add to your industrial portfolio,

Investment highlights include:

- Industrial investment with fixed growth
- Leased to Premier Beehive NZ Limited
- 15 Year lease from 14 July 2014 plus renewals
- 6,391sqm building on 2.12ha site
- Net Rental $833,003pa (as at July 14, 2020)

Food grade cold storage and warehousing facility with a strong international covenant.
5% fixed annual increases and expansion opportunities.

For Sale by Expressions of Interest closing 4pm, Thursday 2nd April, 2020

For more information or to arrange a viewing,
please contact our agents and quote the listing ID

Bruce Catley
021 729 004 or (09) 573 3333


John Bedford
021 772 121 or (09) 355 3333

Listing ID: 20303706Q1

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CBRE Ltd - South Auckland
For more info
Contact: Bruce Catley

Bruce Catley

021 729 004 or 09 573 3333
CBRE - South Auckland
Licensed REAA 2008
Broker Ref: 20303706Q1

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