Colliers is proud to present this unique investment offering to the market. The property is underpinned by a significant land holding and is leased to well-recognised New Zealand manufacturer Hallmark Group. Hallmark is a leader in the door manufacturing industry and has committed to a long term lease.
The property lies on an impressive 12,597 sq m of land. It has high profile to Flaxton Road, with easy access and ample car park spaces. The site has dual access and connection to Todds Road, making vehicle movements seamless. The property benefits from low site coverage and has an abundance of yard / excess land which could provide a platform for future development to generate further rental income.
The main two level office block has been recently fully upgraded and is modern and high spec. The buildings on-site feature multiple warehouses & workshops, modern office space and numerous sets of staff amenities and kitchens.
The property is located in the heart of Rangiora's rapidly growing industrial precinct.
Hallmark has committed to a new lease with passing annual income of $420,000 + GST+ OPEX. The lease features strong fixed annual rental growth.
For sale by price by negotiation.
Call the sole agents to request further information or a site inspection.
*Boundary lines are indicative only.
Features:
* Land area: 12,597 sq m
* Net lettable area: 3,258 sq m
* Passing income: $420,000 + GST + OPEX
* Brand new 5 year lease with Rights of Renewal
* Fixed rental increases of 2.75% annually
* Quality tenanted investment + development upside
