Prominent portside property in Mount
Portside and prominent, a largescale property in the tightly held Mt Maunganui industrial precinct will pique the interest of prospective purchasers looking to secure a prime asset that offers long-term upside.
12 Mark Rd is home to multiple buildings totalling close to 3200sq m of floor area on a 7413sq m, Industrialzoned freehold site.
The fully tenanted property provides two cool stores, a dry store and a highly functional office and warehouse building.
The site offers wide road frontage, drive-through access, and the existing tenancies that provide $463,667 in gross annual rental income expire in
2025.
Colliers brokers Simon Clark and Rob Schoeser have been appointed to market the property for sale by deadline private treaty closing at 4pm on Thursday 7 July, unless sold prior.
The two cold stores, one of which has a pre-cooler room, were originally constructed in 1985 with steel framing and provide a total building area of approximately 916sq m.
Access is gained through a sliding door to each on the northern wall with the front cold store being adjacent to the canopy.
The stud height of the building is 7.4m and both stores can store product at -18C.
The 923sq m dry store has a stud height of 7m at the knee and provides seven roller doors for access, while the centre of the warehouse has been converted into a chiller room.
There is a canopy linking the cool and dry stores, while providing covered loading and unloading areas for trucks.
The spacious 1200sq m warehouse and office building is leased to automotive parts supplier YHI and has a large rear yard for access and additional storage for containers.
Clark says the location will be highly appealing for buyers with the Port of Tauranga only minutes away.
“The site is strategically located, and the surrounding area enjoys strong demand from industrial and port-related business, and it offers excellent access to the port via the main gates on the nearby Hull Rd.”
Schoeser says the site will be desirable for owner-occupiers, investors or developers given the size and redevelopment potential.
“Properties of this scale and nature are rarely presented to the open market and the wide road frontage makes it ideally placed for future development, while the rear service lane offering access back to Hull Road provides another layer of convenience,” Schoeser says.
“Given the existing tenancies expire in 2025, the new owner will have time to strategically plan their future moves for the property, while enjoying a substantial rental stream from established tenants.