Greatly reduced price for Taumarunui plant
The former Affco meat killing and processing plant in Taumarunui has been put on the market for 2.5 per cent of what it was once worth.
The 10,000 square-metre plant, on 5.5 hectares of land, was valued at $18 million during its peak production period in the 1980s and 1990s.
The plant was closed in 2009 and has sat vacant since.
Bayleys agent Jim McKinlay said the vendor's current price expectations are around $450,000.
The property on State Highway 4 is being marketed by Bayleys Hamilton and will be auctioned on December 13.
Sitting on industrial-zoned land, the property was last sold in 2010, but the owner chose not to pursue development options.
Administration offices that were part of the meatworks facility have been sold separately.
When the operation closed, the processing lines were largely stripped out by Affco.
The facility was sold with an encumbrance prohibiting its use for processing or freezing sheep, beef, and goat products, but that expires in 2019.
"In the meantime it does not cover the processing of other meat products such as poultry, dairy production, agricultural goods. Discharge consents have remained in place," McKinlay said.
Within the plant, the two largest rooms measure 1000 sq m with a 6-metre stud and are next to train and rail docks.
"The existing infrastructure of the plant is robust, and could be recommissioned into an industrial or manufacturing operation with immediate access to both road and rail links for product transportation both in and out.
"Use as a logging depot and or milling plant is also a possibility given the scale of forestry plantings in the area," McKinlay said.