A large warehouse-and-office building for sale in Whanganui’s premier industrial and manufacturing precinct offers unique opportunities for occupiers and investors.
Set on a more than 5,600-square-metre freehold site in Castlecliff, the building combines a large well-maintained warehouse and modern office amenities.
It sits at a strategic location on sought-after Heads Road with easy access to key transport routes and business hubs.
The property is being offered to buyers with a proposed leaseback to the existing occupiers for 12 to 18 months, after which it will be available with vacant possession – presenting an opening for owner-occupiers or for add-value investors to install new tenants.
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Details of the leaseback will be negotiated with potential buyers.
The Heads Road property is currently home to two businesses.
Healthcare supplier Amtech is a wholesale and retail distributor of medical and dental products including rapid antigen tests, personal protective equipment and defibrillators.
Uni-Pak is a New Zealand-based importer and wholesaler of recyclable and compostable consumerware and personal hygiene products – including food wraps and containers, tableware, bags, gloves, clothing and janitorial consumables.
The property at 281-283 Heads Road, Castlecliff, Whanganui, is being offered for sale by negotiation through Amie Rowan and John Bartley of Bayleys Whanganui.
The approximately 3,619-square metre building sits on some 5,670 square metres of Industrial-zoned land, with onsite parking for 27 vehicles.
Rowan said the clear-span warehouse space was in immaculate condition and well-suited for a variety of industrial and storage needs.
“With a mezzanine level, there’s plenty of space available for an occupier’s requirements. Excellent access via roller-door entry lends itself to seamless logistics and operations.
“The tidy and contemporary office component incorporates a bright, professional lobby, an open-plan main office space and several private office areas, along with multiple break areas and facilities for staff and visitors.
“Triple street access points facilitate easy movement of vehicles onto and around the site. With over 150 metres of corner street frontage, the site enjoys excellent visibility,” said Rowan.
Bartley said the proposed leaseback would give buyers an opportunity to purchase the property as a short-term tenanted investment while seeking a new tenant or preparing to move their own business in once the leaseback period concludes.
The property’s strategic location was also a key selling point, he said.
“Positioned less than a kilometre from Whanganui’s primary logistics providers, Heads Road has long been regarded as the city’s main industrial arterial route with links to State Highway 3 north and south.
“Its proximity to logistics, major highways, and the thriving industrial community makes it an attractive choice for both industrial occupiers and savvy investors.
“Amid a market characterised by limited warehousing space and constrained investment options, the timing and value proposition of the site for sale shine brightly, making this a unique opportunity for commercial property buyers in Whanganui's industrial sector,” Bartley said.
- Supplied by Bayleys
