Colliers is pleased to bring to the market Lots 3, 4 and 5, 89 Tauhara Road, Taupo. This superb industrial offering comprises 3 separate titles located on one of Taupo's main arterial routes, just a 3-minute drive to each of SH1 and Taupo's CBD. These 3 lots form part of a new industrial park known as 89 Tauhara Industrial Park containing 5 freehold industrial properties and a commonly owned access lot. Lots 1 and 2 in the park have been sold.
Tenants in the park include CORE50 Consulting Engineers, Toll Networks NZ, Taupo Brake and Clutch and Taupo Construction 2021.
Under construction on Lots 3, 4 and 5 are two buildings for marine servicing and new boat fit-out facilities. The main building spanning lots 4 and 5 is a c.1,486m² workshop with first floor offices and storage space. The second, on lot 3, is a c.363m² warehouse. Additionally, there will be c.2,592m² of lettable yard area. The tenant will be Trev Terry Marine Ltd, a long-established Taupo boating and outdoor lifestyle business with branches in Taupo, Kinloch and Turangi. Likely completion is September/October 2022. Settlement is on issue of Code of Compliance Certificate. All Titles have been issued.
Please call Hugh on 021 901390 to discuss.
Features:
* 3 separate titles
* 2 brand new buildings now under construction
* Tenant is Trev Terry Marine Ltd
* New 6-year lease with two 5-year ROR
* Annual Net Rental - $295,000
