Trophy Investment Leased to Turners & Growers

39, Dakota Crescent, Wigram, Christchurch City

Price On Application

Proposed Usage
Industrial
Floor Area
8422.00 m²
Land Area
18190.00 m²
Description:
Property ID
1c3f4sh



Ideally suited to Turners & Growers needs, this centrally located and modern distribution facility, with a new 12 year lease in place, offers investors excellent long term security with strong fixed rental growth. Guaranteed by Publicly Listed T & G Global Limited the lease provides very secure and favorable investment terms while the desirable improvements and huge land area round out this trophy investment.

Constructed in 2004 the building comprises of general warehousing, cool storage, central freight tunnel and quality office and amenities on one level. Situated on a large freehold parcel of 1.819ha. at the end of a cul-de-sac the site features a wide entrance way with full drive-around access and drive-through freight tunnel access, large yard areas at the rear and 99 car parks at the front of the site. Building site coverage of circa 46% may allow some future expansion.

Located just 8km from the CBD core with great linkages North, South and to the port, Wigram is an area in high demand. Dakota Crescent runs off the busy Hayton Road and provides wide street access offering ease of entry for large transporters. Home to many well-known businesses the street is fully developed with modern industrial buildings.

With over 120 years of trading history and an annual turn-over in excess of $1b, the household name of Turners & Growers is a must have in your investment portfolio.

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Wigram Area