Prime Positioned Investment

700, Caroline Road, Hastings Central, Hastings

Price On Application

Proposed Usage
Industrial
Floor Area
3352.00 m²
Land Area
6123.00 m²
Description:
Property ID
1vjjdf8



700 Caroline Road is a quality coldstore facility located on a high profile site zoned for large format retail. It sits directly adjacent to a near new Mitre 10 Mega store which faces a large format retail property occupied by The Warehouse. Supported by current zoning, this property offers the astute investor a significant opportunity to shift the property to higher value uses at the end of the current lease term. In the meantime the property offers substantial long term income backed by one of New Zealand’s largest coldstore operators. The lease covers 100% of the property and benefits from annual 3.5% rental growth for the first four years of the lease and annual CPI reviews for the last 7 years of the lease term.

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Hastings Central Area