Leased depot site available for tender

Last updated 11:19 16/06/2012

Relevant offers

Commercial Property

Central Institute of Technology campus in Upper Hutt hits the market Wellington needs a runway extension: Property Council Palmerston North building still up for grabs NZTA sells unwanted Wellington properties Kelburn classic back on the market after 90 years Commercial property investing not for faint hearted Zibibbo owner selling former Taranaki St Police Station Opinion: Playing the terror card a powerful election ploy Pilots say Wellington control tower could have blind spots Construction industry makes fresh play for school leavers

The Fresh Direct warehouse property in Takapu Rd, Grenada, is up for tender.

Bayleys agent Colin Hodge said the 8111-square-metre depot worked well for its anchor tenant and Fresh Direct had a six-year lease from last November with a further two, three-year rights of renewal.

Turners & Growers and market gardeners MG Marketing also have their bases in the same area, which is just off the Wellington-Porirua motorway.

Fresh Direct was paying a net annual lease of $200,000 plus GST and Alpha Interiors Wellington, which has a small warehouse/office building at the front of the property, was paying another $21,000 a year.

The property, which has a total lettable area of 3136sqm, has a rating value of $1,775,000.

Hodge said the main building consisted of four semi-detached warehouse units.

 

Ad Feedback

- The Dominion Post

Special offers
Opinion poll

Do you rent or own your home?

Rent alone

Rent with others

Own with mortgage

Own freehold

Vote Result

Related story: $1m-plus in unclaimed bonds

Featured Promotions

Sponsored Content