Investors set to load up freight firm’s regional base
The land and buildings housing the Coromandel branch of New Zealand’s largest freight-moving trucking firm is on the market.
The premises at 14 Millar Pl in Kopu is the regional base for global freight-forwarding and logistics firm Mainfreight.
Listed on the New Zealand stock exchange and with branches across Australia, China, Europe, the United States, and New Zealand, Mainfreight has 25 warehouses — of which the Kopu premises is one — across Australasia,
utilising more than 200,000sq m of storage space.
Founded in 1978 as a freight delivery company, , Mainfreight now offers such services as bespoke stock warehousing, inventory and supply chain management, and the storage of hazardous substances
Its Kopu site encompasses 1357sq m of high-stud warehouse building and adjoining office space sitting on some 2449sq m of freehold land zoned industrial 7A.
Most of the property’s yard is sealed, with staff vehicle parking around the periphery to ensure minimal interference with smooth truck movements.
The property is to be auctioned on March 12 through Bayleys Hamilton. Salespeople Josh Smith and Daniel Keane and said the base was purposebuilt for Mainfreight in 2004.
“The warehousing distribution area and attached offices comprise
960sq m of the building space, while the loading canopy comprises nearly
400sq m of infrastructure,” Smith said. “Mainfreight’s heavy vehicles are able to drive under and through the loading canopy, unload or load up, and drive out again.”
The buildings have a seismic rating of 100 per cent. The single-storey, steel-framed and iron-clad warehouse is in Kopu’s logistics and bigbox retail precinct, surrounded by tenancies such as Placemakers, Farmsource, ITM and Carters.
Mainfreight is on a lease running through to 2024 with one further oneyear right of renewal, generating annual rental of $90,902 plus GST and operating expenses.
“The warehouse links Mainfreight’s Auckland and Bay of Plenty operations, as well as providing the axis point for freight along the Coromandel Peninsula and Hauraki Plains,” Smith said.
“With Tauranga and Auckland being two of the pivotal points within the ‘Golden Triangle’ economic growth zone, Mainfreight’s freight volumes between those two centres alone has grown substantially.”