A semi-developed industrial property in Te Puke, Bay of Plenty, is for sale, presenting an opportunity for an industrial operator requiring plenty of space or as an add-value proposition for an investor-developer.
Graeme Coleman of Bayleys Tauranga says the property in Station Rd, only 700m from central Te Puke and
just 22km from the Port Of Tauranga, has tangible benefits for an industrial user who can see the upside of being based slightly away from the main Bay of Plenty hub.
"A dollar goes a lot further in Te Puke, and with direct access through to the port via State Highway 2, this property is well-situated for a user with distribution requirements or a company that needs to be close to the main arterial route."
The 3.809ha property is being offered through Coleman by deadline private treaty closing March 28.
"It will have vacant tenancy if required, or the current tenant, the TR Group, which has some mutual shareholding in the land being sold, will enter into a lease for a period of up to two years with an approved purchaser," Coleman says.
