Industrial Owner-Occupiers take note!

15, Waipanga Road, Kamo, Whangarei

By Negotiation

Proposed Usage
Industrial
Floor Area
5640.00 m²
Land Area
19486.00 m²
Description:
Property ID
1c3d4gj

Here is a very rare opportunity to acquire a 1.9486ha (approximately) industrial site, at the North end of the city. It stands approximately 0.5kms West of State Highway 1, set amongst the expanding Springs Flat business and industrial hub.
The site has a mix of older buildings and very recent modern workshop/factory space.
Enormous yard space offers strong potential for further development and growth.
The total 1.9486ha property comprises two main buildings, all fully occupied. The original factory buildings of some 2,000sqm will be leased back by the Vendor for an annual rental of $80,000 pa.
The other main building of 2800m2 was constructed new in 2006 and has since been occupied by a business specialising in portable cabin construction and sales. That business has now been sold and will relocate to a new site in early 2019. This move opens up an opportunity for an owner-occupier to purchase and use a substantial part of the property (both land and building) while still retaining good holding income from the other part of the site.
In addition a subdivision consent that was issued in mid-2015 is still 'alive'. This consent allows the property to be subdivided into two large allotments. The consent is currently on hold but could be completed by a new owner if required.

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Kamo Area