A fully refurbished, high-stud warehouse property in one of the most sought-after industrial areas of Hawke's Bay is for sale with vacant possession.
Featured in the latest Colliers Portfolio, the standalone industrial facility at 207 Wilson Rd, Woolwich — near the Hastings suburb of Flaxmere — has a net lettable area of 2373sq m and occupies a 5994sq m freehold site.
It is for sale by deadline private treaty closing at 4pm on Thursday December 13, unless it sells earlier.
Agent Rob Nankervis says the property has full drive-around B-train access and an all-weather canopy.
"This is a chance for owner-occupiers and investors to acquire a large, versatile industrial property that is ideal for a range of uses," he says.
"Located just off Omahu Rd, within the most popular industrial precinct in Hastings, the property is central to most of Hawke's Bay.
"It is only a minute from the Napier-Hastings expressway and less than 10 minutes from Hastings CBD, giving it excellent connectivity to the air and sea ports in Napier.
"With significant reinvestment the property has been refurbished to a modern, high-spec standard; with a new office fit-out and extensive upgrades to the warehouse.
"With its versatile layout, quality improvements and excellent location, this property should tick every box for a wide range of industrial users and investors."
Nankervis says the property offers two bays of warehousing, 125sq m of refurbished office, amenity and lunchroom space, and a 240sq m drive-through canopy. The warehouse has a newly upgraded fire detection system, high bay lighting, motorised roller door access and a 1000kVA three-phase power supply.
The sealed, secure yard has 13 car parks and attractive landscaping to the street frontage.
The property is in a well-established industrial zone on the southern side of Omahu Rd.
Businesses in the area include rural retail, machinery sales, food processing, logistics and distribution, and heavy and light industrial users.
Nankervis says New Zealand's industrial sector continues to go from strength to strength.
"The appetite for quality industrial properties is strong, with yield-hungry investors competing for the limited amount of available stock.
"Hawke's Bay has a particularly strong industrial property sector due to the underlying productivity of the regional economy. The main driver is the primary sector, which is forecast to deliver robust returns this year, particularly from the horticulture and viticulture sectors.
"We continue to see strong demand for quality industrial properties, especially within the food production, distribution and rural services sectors."