A Hawke's Bay cool store facility, operational for over a decade and serving leading primary producers, is available for purchase. Situated in Hastings, within the Omahu Road industrial precinct, this temperature-controlled storage and distribution hub spans multiple buildings across a 1.3-hectare site. Since 2013, Everest Kool Property Limited, a company with global operations in countries including Canada and India, has fully leased the property. The lease is set to continue until 2034, with an option to extend for another five years.
The facility is positioned as an attractive investment opportunity, offering a net annual rental income of $1,175,000, in addition to outgoings and GST, with rent reviews every three years. Everest provides comprehensive storage and logistics solutions for a variety of products including meat, dairy, and produce. Its location near the Port of Napier enhances its logistical capabilities, supported by its capacity for 10,000 bulk pallet positions and an equal number of rack positions.
Bayleys Real Estate agents Alan Haydock, Damien Bullick, and Rollo Vavasour are managing the sale of the property at 1478 Omahu Road, Twyford, Hastings, with a tender process concluding on Tuesday, 3 December. The property boasts around 10,544 square meters of buildings on land zoned for industrial use, with an A-grade seismic rating. It features a variety of temperature-controlled spaces, including a Ministry for Primary Industries Approved Transitional Facility for handling biosecurity-risk imports.
Its strategic location in the Omahu industrial area is highlighted as a key advantage, given its proximity to major transportation routes and the Port of Napier. The surrounding region's agricultural heritage and the growing demand for industrial land in Hawke's Bay further underscore the property's appeal. The area's industrial market strength, coupled with limited land supply, positions Omahu as a sought-after location for industry players.
Source: Stuff