Impressive Tokoroa Industrial

88, Browning Street, Tokoroa, South Waikato

$875,000

Proposed Usage
Industrial
Floor Area
1372.00 m²
Description:
Property ID
1c0m8r4

Asking price plus GST (if any).
- Land area: 6570m2 Industrial zoned site
- Location: Prime position adjacent to SH1
- Building area: Vacant 637m2 workshop and 256m2 offices.
479m2 storage shed with holding income.
- Suitability: Owner occupiers / active add value investors
- Opportunity: Affordable provincial industrial opportunity

The property comprises a substantial high stud industrial building that includes a good standard of workshop, offices and amenities plus an older large storage shed. The balance of the site provides and extensive yard area that is security fenced.

Overall the property has rental potential in the range of $70,000 to $80,000 per annum plus GST and outgoings.
The configuration of the property is well suited to numerous industrial uses particularly transport operators, contractors, manufacturing or warehousing given the current facilities provided.

Tokoroa has an economy dominated by natural resource industries with the majority of employment based around forestry, farming and manufacturing. The centrality of the town is a key advantage for the high growth distribution sector that has been boosted with the recent opening of a new rail siding in the area.

Industrial properties with this potential are in limited supply in the town so a great opportunity to secure. This is a strategic site in the heart of Tokoroa's southern industrial precinct that enjoys excellent exposure to SH1 together with being located in the centre of the North Island.

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Tokoroa Area