Large-scale site and growth potential at Napier cool store
A cool store facility available with vacant possession on a substantial landholding in Napier presents prospective purchasers with the rare opportunity to acquire a keenly sought asset.
6 Franklin Rd, Bay View, is home to multiple buildings, including a main factory, cottage, and shed on a 35,181sq m freehold site that is zoned Main Rural under the Napier City Operative District Plan.
Approximately 17,600sq m of the site is currently used as a vineyard but that can be developed for further expansion, while the buildings can be repositioned to suit future occupiers.
The highly visible property enjoys favourable proximity to Hawke’s Bay Airport and Napier Port. It is prominently positioned on the eastern side of SH2 and the southern side of Franklin Rd, meaning it sees a high volume of passing traffic.
The property came through the recent extreme weather events in Hawke’s Bay in good order and given it is near Eskdale it provides a strategic location for businesses that will be part of the rebuild of the region.
Danny Blair, director at Colliers Hawke’s Bay, is marketing the property via deadline private treaty closing at 3pm, Wednesday, April 19 unless sold prior.
The main factory, which includes a processing and laboratory area, purposebuilt cool store, a juicing and packaging facility and an office, among other things, offers 4633sq m of total net lettable area.
The highly functional factory was originally constructed in the mid-1980s and altered in 2012 to keep up with modern demands.
The single-storey dwelling was built in the
1940s and measures 194sq m and has multiple offices and facilities, as well as a garage and covered patio.
There is also an old shed measuring
122sq m and considerable yard space that provides convenience for the occupants, suppliers and contractors, as well as on-site storage options.
Blair says this opportunity will stand out for buyers given its combination of existing infrastructure and the ability to expand.
“It is hard to overstate how rare it is to see a property such as this one presented to the open market given it includes a cool store and ample built-in facilities that would suit an operator from a similar industry to the previous occupant,” Blair says.
“Alternatively, there is scope to repurpose the facility and with a vast amount of spare space at the property and the option to remove a portion of the existing vineyard, there is major growth potential on offer.”
With parts of Hawke’s Bay set to undergo a vast amount of remedial work following Cyclone Gabrielle, this property is in a prime position to serve specific areas of the region that were heavily impacted.
“The wider area faces a lengthy process on its path to recovery and the subject site could prove incredibly useful for a major infrastructure firm that has the vision to capitalise on the size of the landholding that offers flexibility and room to grow.”
Blair says when examining all of the factors in play, there’s a significant opportunity for a buyer to acquire an asset that could provide long-term benefits.
“I encourage all interested parties to make contact with me immediately to ensure they don’t miss out on the opportunity to secure a highly strategic asset.”