They’re on a roll at dog food premises
The land and buildings housing one of New Zealand’s leading dog food manufacturers have been placed on the market.
The property in Paeroa on the Hauraki Plains comprises 4310sq m of food manufacturing premises, warehousing storage, administrative offices and staff amenities occupied by Superior Pet Food Co which produces a range of top-quality dog rolls and dry canine edible treats.
Superior’s shelf-stable products are manufactured on site from beef, chicken, lamb, and possum meat under trading names such as Chunky, Field and Forest and Possyum.
The business, sold to Fond Foods in 2007, moved from Cambridge to its Paeroa location in 2018 where extensive refurbishment and expansion was undertaken to take production to a new level. The Superior manufacturing operation sits on some 1.2ha of freehold square-shaped land.
Superior is on a new five-year lease at the property running through to 2028, with a further five-year right of renewal, generating annual rental of $460,000 plus GST and operational expenses.
The land and tenanted buildings at 56 Grey St, Paeroa, are being marketed by tender through Bayleys Waikato and Bayleys Auckland, with the process closing on October 26. Salesperson Josh Smith said the specifically purposed fitout within the premises reflected Superior’s long-term commitment to staying in the locale.
“The main building comprises a large open-plan factory floor with drive-through raw product goods delivery and finished product pick access via high-stud electric roller doors at either end of the plant,” he said.
The core of the building was constructed in 1992 with steel framed portals, and lined with freezer panelling. The floor of the processing room is in-laid with drainage filtering into fat traps.
Staff amenities include toilet and shower facilities, an administration office and lunchroom.
Smith said Paeroa’s strategic location in relation to key dog food markets in Auckland, Hamilton and Tauranga underpinned Superior’s decision to move to the premises.
“This is very much a ‘hands off ’ investment proposition which ticks all the necessary boxes – a modern and well-maintained building, with a good tenant of high reputation in place, underpinned by a long lease and commitment to a preferred location,” he said.