Industrial Park with Huge Cash Flow

180, Dukes Road, North Taieri, Dunedin

Tender

Proposed Usage
Industrial
Description:
Property ID
1bpp8k0

This is an exciting opportunity to secure a large industrial park with good existing cash flow and potential to develop further.

Silverstream Industrial Park was initially built in the late 1980s as Fortex freezing works. Fully operational it contained processing facilities, cool and cold storage, offices, amenities and a treatment plant. It was established in a spacious and landscaped setting with all roading, services and communications.

With the demise of Fortex the site morphed into the Silverstream Industrial Park. Another meat processing company took over the plant to operate as an add value unit (trimming, french cuts, packaging etc), Polarcold tenanted the large cold store facility and individual tenants occupied various other parts of the site.

All the buildings were built to a high standard and the presentation of the Park is a credit to the owners.

Today the tenants include Polarcold, Walter Findlay Ltd, Southern Boats, NZ Honey Ltd, Fonterra, and Farmbrands Ltd. Together these tenancies generate a net income of $970,014 per annum.

There are three vacant spaces available for lease. These include a 496sqm office building with sealed car park, a 700sqm office and amenity building with sealed car park, and 2,973sqm processing facility that includes drystore and amenities area. The rental on these vacant space is assessed at $378,847 plus gst pa.

Of considerable note there are four bare land titles (3,117sqm, 10,084sqm, 12,974sqm and 17,051sqm) immediately available for development. All are serviced and enjoy the benefit of access to the roading and pleasant surrounds of the Park.

visit: www.industrialparkopportunity.co.nz for more information

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North Taieri Area