Substantial Industrial Investment Site
31, Station Road, Te Puke, Western Bay Of Plenty
- Proposed Usage
- Floor Area
- 10511.00 m²
- Property ID
Asking price plus GST (if any).
- 20,826m2 site / 10,511m2 gross building areas
- Anchor national tenant Ravensdown
- Building depreciation options for fertiliser use
- Total annual net rental $628,663 + GST
Tender Closes 4pm, Wednesday 12th April 2017 (unless sold prior), Bayleys, 247 Cameron Road, Tauranga
The majority of this property is leased to long established national tenant Ravensdown Fertiliser
Co-operative Limited who commenced a new eight year lease in January 2015 and are responsible for general exterior maintenance and repairs to all the buildings and areas they occupy. The vendors advise that fertiliser use of the buildings also allows for an annual 6% depreciation claim which provides a significant tax advantage for a new owner.
The other two tenants include an import and distribution business Traction Tyres Limited who lease the rear bulk store plus Te Puke Landscape supplies who lease a small front fenced yard area that includes an office.
Investors who value the importance of tenant covenant will most certainly recognise the calibre of Ravensdown and an opportunity to secure a highly sought after passive industrial investment for a long term hold!
Download PropertyFile including:
Information Memorandum - 31 Station Road, Te Puke.pdf
Please visit http://www.propertyfiles.co.nz/property/101040001