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135 Lowe Street, Gisborne, New Zealand

Properties / Buy / Australian Capital Territory / Gisborne

Tenanted Investment

1. Property Summary

Selling Method

Tender

Selling Details

Closing 4pm, Thursday 21st July 2022

Land Area

1.60 hectares (*approx)

Property Type

Industrial

Sub-type

Office/Warehouse

Est. Income

$1,020,080 p/a

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2. Property Highlights

$1,020,083 net income over 14 titles

Significant central city landholding, with sizable income and opportunities
Large freehold landholding boasting four street frontages
Multinational essential industry tenant, Genetic Technologies as anchor tenant

After decades of ownership in a large infrastructure company, a rare regional New Zealand opportunity is presented to market. Comprised of fourteen freehold titles across over 1.6ha of Commercial zone, perfectly located between Gisborne’s picturesque waterfront, regionally significant seaport, and the bustling CBD. Future development provides purchasers with long-term options while the existing fully tenanted 10,901sqm of cold store and dry good storage in impressive built assets provides a $1,020,083 + GST net income.

The strength of the economy and primary sector has resulted in a significant demand for cool store and dry store space, workshops, and large format storage. Global material supply, capital, and resource constraints are restricting new build stock to meet forecast demand, making this an opportunity not to be missed. A partial sale may be considered upon favourable terms, but the savvy buyer will see the scale of this opportunity.

Remember to mention you found this property on CommercialReady

Tenanted Investment

1. Property Summary

Property Type

Industrial

Sub-type

Office/Warehouse

Est. Income

$1,020,080 p/a

Land Area

1.60 hectares (*approx)

Selling Method

Tender

Selling Details

Closing 4pm, Thursday 21st July 2022

2. Property Highlights

$1,020,083 net income over 14 titles

Significant central city landholding, with sizable income and opportunities
Large freehold landholding boasting four street frontages
Multinational essential industry tenant, Genetic Technologies as anchor tenant

Remember to mention you found this property on CommercialReady

135 Lowe Street, Gisborne, New Zealand Gisborne

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Bayleys Real Estate

30 Gaunt Street Auckland Central, New Zealand

Mike Florance

+64 *** *** *** show +64 212 228 053

Kerry Geange

+64 *** *** *** show +64 275 432 643

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

135 Lowe Street, Gisborne, New Zealand