153 Rea Road, Katikati, Western Bay Of Plenty

Occupy or Invest: multiple options with cashflow

Outstanding opportunity for an owner occupier or investor to secure a sizeable coolstore and ex-packhouse facility in Rea Road just south of Katikati. Partly leased to reputable post harvest operator Seeka who occupy the coolstores, this well maintained property is an excellent proposition for an owner occupier looking to move their business operations into the vacant part of the premises while enjoying the strong income stream from existing tenants. Investors on the other hand could look to re-lease the vacant balance of the property that has been occupied by the current owner to their maximum returns. A passing net rental of approximately $217,500 underpins this investment with potential to boost this to over $300,000 if all areas were leased.

The property comprises a mix of coolstores, both low and high stud workshop areas plus ample mezzanine storage. The office and amenities are very well presented and the site has full drive around access for ease of movement plus a large canopy running trough the centre ideal for all-weather operations.

This property offers a unique opportunity for owner occupiers or investors to capitalise on the booming kiwifruit sector which is currently experiencing a significant coolstore shortage and enjoy the impressive lease income. With its close proximity to Katikati orchards this property is ideally positioned to take advantage of post harvest cool storage demand for many years to come.

Price by negotiation + GST (if any)
Viewings arranged by appointment.