For Sale by Deadline Private Treaty closing on Thursday 24 April 2025 at 4 pm (unless sold prior).
This exceptional industrial warehouse is located in Cromwell's ever-growing industrial precinct. With just under 11 years remaining on the initial term of the lease and low site coverage, this property offers investors a unique opportunity—consistent cash flow with fixed annual increases and the opportunity to develop in the future.
Investment Highlights
• Land Area – 4,454m² (more or less)
• Zoning – Industrial Resource Area
• Strong Tenant Covenant – Fully leased to Waste Management NZ Limited, a leading waste and environmental services company, on a 13-year term commencing 1 February 2023.
• Strong Rental Income with fixed annual increases of 3% from 1 February 2026.
• Redevelopment Potential– The low site coverage offers the opportunity to develop the site further at the end of the current lease.
• Functional Layout– The buildings are positioned to allow for efficient use of space, including functional turning areas and full drive-around facilities.
Don't miss this opportunity to secure a prime industrial investment in Cromwell's thriving industrial hub.
Get in touch with sole agents, Steve McIsaac and James Valentine for more information or to arrange an inspection.
