6ha in Nelson - Ample Development Opportunities

490, Nayland Road, Stoke, Nelson

Price On Application

Proposed Usage
Industrial
Floor Area
18348.00 m²
Land Area
61680000.00 m²
Description:
Property ID
1c5mq2h



490 Nayland Road is a substantial industrial property, well positioned to service this prosperous and growing region that is chronically short of industrially zoned property. Nelson’s idyllic setting between mountains and sea ensures a permanent scarcity of industrial property in this central location, which is favoured by most businesses.

Nelson district’s major industries are all trading strongly, creating buoyant economic conditions. We are experiencing high levels of commercial and residential development and have very low industrial vacancy rates.

The site is 6.1680 hectares in 3 major (and 1 minor) titles. The property offers excellent profile with a 324-metre frontage onto Nayland Road and immediately adjacent the busy S.H.6 bypass on its western boundary.

Currently operating as a fresh produce processing facility, it comprises approximately 18,348m² of lettable area. The large sealed yard areas, largely generic warehousing and prime central location lends this property to a very wide range of uses including transport, processing and general industrial activity.

The value-add opportunity here is huge. Building site coverage is less than 30% and current rental rates are low. The property is occupied by 3 corporate tenants on short term leases with final expiry dates ranging from October 2020 to June 2021. This affords the purchaser the benefit of significant interim revenue while progressively regaining control of the property over the next 2 years.

The repurposing potential of the existing improvements, combined with large scale infill, would result in this property becoming a major industrial hub with substantial revenue streams.

The property is now surplus to requirements and will be sold so we encourage you to contact the sole agents and register your interest today.

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Stoke Area