Cool storage depots are in hot demand and a 6000 square metre building in Whanganui is for sale.
The coolstore facility at 1 Gilberd St is in the heart of Whanganui's industrial area and is on 1.7 hectares of land, some of which is free for development.
It is leased to Wanganui Cold Storage, which has a 15-year lease, expiring in April 2023, with two 15-year rights of renewal.
Generating a net annual rental income of $457,000, the site has benefited from a considerable investment in the past two years to upgrade and improve operations, sales agent Chris Bayley says. These include:
●The installation of a CO2 plate freezing system.
●The refit of the main processing room.
● A plate freezer and line set up that has resulted in increased efficiency.