A cool store facility on the edge of Havelock North in Hawke’s Bay that features eight buildings is available for purchase or lease and can be acquired with vacant possession.
Located at 13 Thompson Road, this large-scale property has 7,212sq m of cool storage space, 2,327sq m of canopy, and 2,100sq m of well-designed shedding and office buildings. The facility sits on a 3.6150ha site that is zoned Plains Production.
Kiwi Crunch is the current tenant at the property but they will be leaving the premises in December. A previous market valuation suggested the property could generate annual rental income of $809,000 plus GST.
The strategic location of this post-harvest facility provides seamless access to essential transportation networks, facilitating efficient distribution of produce to domestic and international markets.
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The property benefits from nearly 260m of frontage to Thompson Road and secondary frontage to Napier Road of approximately 34m. There is also the bonus of development land available meaning the future owner could intensify the usage of the site.
From the property, the Napier Port is 20km away, while Hawke’s Bay Airport is 24km away. Hastings can be reached quickly, while there is good motorway connectivity, opening up access to the wider area and beyond.
Colliers Hawke’s Bay Director Danny Blair has been exclusively appointed to market the property for sale or lease via negotiation.
The original store building, comprising a low stud warehouse with attached office and mezzanine storage, was constructed in the 1970s, with extensions completed in the early 2000s.
Attached to one end of the storage building is a two-level structure comprising approximately 82sq m of ground level office accommodation and storage space.
The main packhouse building has an approximate area of 796sq m with a minimum stud height of 5m. A high stud warehouse is positioned to the southern side of the main packhouse.
The packhouse chiller was originally constructed in the 1990s and comprises a single-storey chiller with canopy and a 46sq m plant room. The stand-alone chiller has an estimated capacity of 1,293 cubic metres.
The buildings that encompass the main cool stores were constructed in three stages.
Stage 1, constructed in the 1990s, comprises four equal-sized cool stores. Cool stores 1 and 2 are separated from cool stores 3 and 4 by an internal canopy. The four individual cool stores have an estimated capacity of 5,285 cubic metres each. Attached to the outside of cool stores 3 and 4 is a USDA inspection room and office.
Stage 2 (2002) comprises cool stores 5 to 8. There is an open-ended canopy which adjoins cool stores 3 and 4. Cool stores 5 to 8 are located within one large structure and each individual cool store has an estimated capacity of 3,456 cubic metres.
Stage 3 (2004) is a separate stand-alone structure with cool stores 9 and 10 separated from cool stores 11 and 12 by an open-ended canopy. The cool stores have an estimated capacity of 3,473 cubic metres each.
Blair says the property presents an occupier with a plug-and-play opportunity due to the vacant possession aspect.
“With limited available cool store space across the wider Hawke’s Bay region, an owner-occupier could acquire this facility for their own operations and rapidly get underway,” Blair says.
“On the other hand, an investor may choose to add the property to their holdings and then tenant it. They could also add value in the future through developing the surplus land."
- Supplied by Colliers
