In the Wairarapa industrial market, with almost nil vacancy – this new and smart investment is ideal for a family trust or private investor. The net rental is $145,400 (plus GST) with a new five year lease plus rights of renewal.
The two high-stud principal buildings (1,105m²) have been designed to be able to be let separately if required at some future time. One of the two is brand new, as are the offices and facilities. The large central yard has 150mm of double reinforced concrete with fast drainage. The land area is 3,463m².
The tenant is nationwide honey heavyweight Hillcrest Hives Ltd (85% owned by Manuka Health NZ – a subsidiary of Jersey-based GGL Assets).
Asking price $2,200,000 (plus GST if any)
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