The subject property represents an opportunity to acquire an large investment in the growing industrial location of North Taieri, Dunedin.
176 Dukes Road houses a large industrial warehouse with a total floor area of 11,780m2 (approx), on a freehold site of 19,122m2 (more or less). The warehouse was redeveloped and extended in circa 2013 to house the current tenant PGG Wrightson.
The property sits in the growing industrial location of North Taieri. Tenants/businesses in the nearby area include Farmlands, Placemakers (Frame & Truss plant), TimPack, Fonterra, Polarcold, and many more.
The property offers good access and manoeuvrability on site for large vehicles.
Currently leased to PGG Wrightson Limited with a rental of approximately $467,059.82pa plus GST (based on the CPI rent review due 18 December 2017).
10 year lease (commenced December 2013) with rights of renewal thereafter.
176 Dukes Road is offered for sale by deadline private treaty closing Friday 8 December 2017 at 4.00pm (unless sold prior).