The land and buildings that houses one of New Zealand's largest farm supply firms is for sale.
The property at 9-13 Rolfe Way, in Putaruru, Waikato, is occupied by Farmlands and comprises a 852sqm building on some 4,000sqm metres of fee simple land.
Farmlands original lease term runs until 2023, with 14 further three-year rights of renewal, generating a net annual return of $165,000 plus GST. Outgoings are paid by the tenant.
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Farmlands Co-operative was formed by farmers in 1962 and has since grown to become the largest buying group of its type in New Zealand, with transactions of more than $2.7 billion worth of business annually (FY 2019).
The property is being marketed for sale by auction on September 17 through Bayley’s Cambridge.
Agent Willem Brown said the Farmlands Putaruru branch was located in one of New Zealand’s prime dairying, sheep and beef regions – a factor reflected in the company’s strong commitment to the location
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“The configuration and positioning of the building were designed in conjunction with Farmlands as the original sole tenant, and therefore ensured all aspects of the company’s retailing services were catered for – from its open-plan shop format and high-stud ceiling through to the expansive fully fenced yard which is essential for the B-train truck and trailer units which are frequently on site,” he said.
The building is constructed with tilt slab walls, steel portals and aluminium joinery, while a full-height electric roller door allows access to the warehouse for delivery and customer vehicles – with a canopy over the entryway.
To ensure customer comfort, 13 suspended heaters are positioned over the shop floor alongside high-powered lighting. The building is fitted with fire and burglar alarm systems.
“Dairying, and sheep and beef production are the cornerstone industry sectors for the South Waikato region, and show no sign of abating. In addition to selling products and services to these sectors, Farmlands’ product range has expanded to encompass forestry, horticulture, viticulture, bee keeping and even into the lifestyle block market,” Brown said.
Neighbouring businesses in Rolfe Way include farm motorbike retailer The Honda Shop, and the refrigerated food distribution depot for Big Chill.
