Plastics plant and warehouse
The head office and manufacturing plant for one of the country’s largest plastic container makers and distributors is for sale.
The expansive warehouse at 225 Kaikorai Valley Rd, in the Dunedin suburb of Bradford, is home to EPI Plastics, which manufactures foodgrade plastic bottles, jerry cans, garden products, jerry can taps, caps, bungs and plastic toys. The company also distributes promotional products such as pens, drink bottles, key tags and thermal mugs — freighting its products around New Zealand.
EPI Plastics is a large provider of custom- moulding services — making large and small products from a variety of plastic raw materials.
The 2372sq m warehouse part leased to EPI Plastics sits on about 1.6ha of freehold land — both are being marketed for sale by tender through Bayleys Dunedin, with tenders closing on August 2.
Bayleys Dunedin salesperson Nick Lucas says the building has two levels — with EPI Plastics on the upper storey.
The building had been strengthened to more than 80 per cent of new building standards — with a 100 per cent rating on the upper level.
“Set on a slope, both levels enjoy vehicular access. The upper level consists of 1025sq m — with a separate 74sq m workshop and 150sq m of office space. On the lower level are five units, from 150- 336sq m, which can be arranged or joined in several configurations to suit tenant needs.”
EPI plastics is on a five- year- lease, running through until January 2023, with two further five- year rights of renewal. It generates a net rental of $ 104,000 net pa.
The remaining lower level spaces are on individual leases ranging from month- to- month to five years and returning $ 57,790pa in rent. One of the biggest chunks of “greenfield” commercial real estate landholdings on the fringe of Taupo’s central business district is for sale.
The flat freehold 891sq m section at 89 Horomatangi St i s zoned for commercial use. Formerly the heavy truck drive- through diesel pump area for the adjacent Caltex service station, the site was decommissioned some years ago and has since been used only as a parking area.
The corner site property is being marketed for sale by tender through Bayleys Taupo, with tenders closing on August 3.
Bayleys Taupo salesman Brendon Gallagher says the property i s strategically located — one block from the town’s shopping centre and cen- tral business district, two blocks from the lake, alongside one of the main feeder streets into town, and a few hundred metres from the Taupo District Council public car park.
“Opposite Taupo Primary School to the north and overlooking what are presently playing fields to the east and a service lane to the rear, the property really has only one direct neighbour — giving it a very open and uncrowded feel,” Gallagher says.