High Yielding Investment Property
Floor Area: 3040sqm (approximately)
Land: 1.0680ha (more or less)
Outstanding opportunity to secure a sizeable coolstore and packhouse facility fully leased to reputable post harvest operator Apata Group. This property comprises a Lifestyle zoned area of land in close proximity to Tauranga City just 3km north of Bethlehem. The property provides a long established horticultural post-harvest facility including coolstores, packing shed, canopy and bin storage areas with full drive through access for trucks. The balance of the site is planted in mature avocado trees providing an opportunity for a new owner to add another income stream or potentially investigate the possibility of building a home on this site.
The premises are fully leased to Apata Group for a gross rental of $250,000 + GST, less outgoings to net circa $210,000 per annum. The two year lease commenced on 1 March 2021 for two years with a further one year right of renewal. With its close proximity to the Port of Tauranga this Coolstore is ideally positioned to take advantage of post harvest cool storage demand for many years to come.
This property offers an opportunity for investors to capitalise on the booming kiwifruit sector which is currently experiencing a significant coolstore shortage and enjoy the impressive lease income that provides excellent cashflow.
Call Ryan or Phil today for more information.