This highly versatile freehold tenanted investment is leased to food production heavy weights Cedenco and Leaderbrand. Gisborne has a notable shortage of industrial and cool storage available for occupation and 275 Lytton has enjoyed excellent tenancy demand over the last few years.
The large industrial complex at 275 Lytton Road comprises a mixture of spaces including warehousing, dispatch, coolstorage, food processing, canopy, office and amenities.
Outside of the leased premises is a substantial tract of land which supports development upside through industrial or residential subdivision.
Features:
* New three year lease from August 2022
* Current rental $489,604 + GST & OPEX
* Potential for redevelopment or upgrade for food processing
* Popular industrial location with low vacancies
* Freehold property close to Gisborne Township
* Add value opportunity
* Central growth location
* Zoned: Industrial and Rural Residential
* For Sale by Asking Price of $7,500,000 + GST (if any)
* Industrial or residential subdivision upside
* High demand for post harvest facilities in the North Island