A large industrial property in Taupō is being presented to the market for sale and is available with vacant possession.
Located at 86 Miro Street in Tauhara, the town’s premier industrial location, the landholding measures 14,100sq m and has six buildings offering 3,474sq m of total floor area. The entire site is concreted/asphalted.
The current tenant, Inchcape Automotive, will vacate the property in February next year, presenting prospective purchasers with the opportunity to establish their operations quickly.
Planning is under way to enhance the property as a commercial park, including a ring road around the perimeter of the site.
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The owner is currently seeking expressions of interest from prospective tenants, and this will continue until the property is sold.
The subject property sits approximately 500m from the State Highway 1 interchange and is near the recently developed Curlys Way industrial park that is home to well-known firms ITM, PGG Wrightson, TDX Taupō, Huka Honda, Oasis Storage, and more.
The property is zoned Taupō Industrial Environment.
Hugh Milloy, Investment Sales Broker at Colliers Taupō, has been exclusively appointed to market the property for sale with the deadline for offers closing at 4pm on Thursday 19 December, unless sold prior.
Of the six buildings at the property, the largest is a 1,250sq m warehouse at the southern side of the site. There is also an 880sq m showroom and office facility that was previously used as a new motor vehicle showroom.
The other buildings measure between 150sq m to 480sq m and can be utilised for warehouse or office functions, as well as storage.
Milloy says buyers can capitalise on the opportunity to secure a property that could be taken a range of different ways in the future.
“Owner-occupiers may look to use the spacious landholding and multiple buildings for their own business requirements,” Milloy says.
“Investors could acquire the asset and tenant it accordingly, whereas an add-value investor or developer could continue with the existing plans to develop the property into a commercial park or reposition it in a different way, subject to the relevant consents.”
The property is only seven minutes from the Taupō CBD and is favourably located near many of the town’s central residential areas.
The Tauhara industrial precinct is popular with tradespeople and small-to-large businesses.
Looking more broadly, Taupō is known for its outstanding outdoor activities and adventure lifestyle.
Lake Taupō offers world-renowned trout fishing that complements the region’s golf courses and geothermal sightseeing, while the area hosts a number of high-profile sporting events from Ironman to Supercars, and plenty in between.
Milloy says the strategic location of the property will make this offering highly appealing for buyers.
“The vendor has realistic expectations and welcomes all offers. The new owner will appreciate the central location of the property relative to key transport networks and the amenities that central Taupō has to offer.
“When examining all of the pertinent factors, this property shapes as a compelling purchasing opportunity.”
- Supplied by Colliers
