29 Stuart Road, Pukekohe, Franklin

Long term lease to NZX listed subsidiary

• 9,383sqm NLA, underpinned by a long lease to Turners & Growers
• Substantial freehold title of 3.9132ha with development upside
• Currently returning $703,756pa + GST, with built in growth and possibility of market uplifts
• The property features chillers, packaging and distribution areas

Expected to benefit from anticipated policy to protect prime horticultural land (thereby limiting further industrial land supply), this property is exceptionally well positioned amongst some of New Zealand's most fertile and productive land, which produces the equivalent of 26 percent of the countrys total vegetable production.

The large-scale offering is underpinned by excellent investment fundamentals; leased long-term to a subsidiary of NZX listed Turners & Growers Global Limited, a substantial freehold land holding with development potential, and a location experiencing rapid population and development growth.

The vendor understands current market conditions and is serious about selling. All qualified interest is welcomed.

For further information, please contact the Sole Agents today:

Sunil Bhana
021 938 660
sunil.bhana@bayleys.co.nz

Scott Campbell
021 414 107
scott.campbell@bayleys.co.nz

Shane Snijder
021 730 488
shane.snijder@bayleys.co.nz

Steve Rendall
027 521 2599
steve.rendall@bayleys.co.nz