Occupy, develop or landbank – don’t miss out

275, Lytton Road, Awapuni, Gisborne City

$6,300,000

Proposed Usage
Industrial
Floor Area
6965.00 m²
Land Area
50000.00 m²
Description:
Property ID
1c6655g



This highly versatile freehold asset has many facets and angles. The building has housed many uses over its life and Owner occupiers or Investors in the Post Harvest and Food Processing industries should take note.  Located in the tightly held central Gisborne industrial precinct, the substantial land holding is well in excess of the needs of the building which can either compliment business growth or the development upside through industrial subdivision is considerable. Income from Leaderbrand until the current lease expiry in May 2020 will assist with holding income while you lock in your plans for this site. Larger term tenure may be negotiated.

The large industrial complex comprises a mixture of areas including warehousing, dispatch, coolstorage, food processing, canopy, office and amenities. The asset is ripe for re-positioning for the next chapter of it’s life by either continuing as a food processing facility or total redevelopment. 

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Awapuni Area