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The Opportunity

5 Hill Road comprises a modern, purpose built coolstore and distribution facility which has been developed in three stages from circa 2005 to 2014 with Mr Apple (Scales Corp) as the tenant since inception.

The property is available by Deadline Private Treaty 1st May 2025 16:00:00 (Unless sold prior)

Contact Daniel Moffitt, Danny Blair or Greg Goldfinch today for further information.

Features:

Substantial laned freehold land area of 3.5345ha (more or less)
Total net rental of $1,979,000 + GST + opex
New 15 year lease from Settlement
Plains Production zoning
NZX listed tenant
Annual 2.5% rental increases

Highlights

Substantial laned freehold land area of 3.5345ha (more or less)

The three coolstore buildings are configured into six substantial coolstores.

The property provides significant storage capacity for approximately 57,000 bins internally and yard storage for 24,000 bins. Large breezeway canopies connect each stage offering all weather loading, additional workspace and drive through capability.

New 15-year lease from settlement

From settlement a new 15-year lease is offered with a net rental of $1,979,000 + GST, annual 2.5% rental increases with market rent reviews at year 10 and on renewal.

This property is well suited to meet the strong demand for modern coolstore space within the Hawke’s Bay.