The vacant site, at 174 Dukes Rd, is for sale by negotiation. It is the largest property in the group, comprising around 17,500sq m of undeveloped industrial land. The four other properties, each with a building on site, have land areas of between 3033sq m and 4842sq m and are for sale at asking prices ranging from $300,000 to $1,850,000.
Of the four buildings, three are leased to Fonterra, Tracmap NZ and Honey Products NZ, generating about $277,000 a year in total annual rent.
"We're seeing strong demand among buyers for Dunedin industrial investments at the moment, especially well-tenanted freehold properties," Collins says. "There is also still plenty of construction activity happening, which has been a trend over the past few years as business confidence has stayed high."
The property at 180 Dukes Rd was previously a freezing works complex, built in the early 1990s for meat processor Fortex.
Collins says that, following the closure of the works several years ago, the site was converted to the Silverstream Business Park, offering businesses an alternative industrial location to central Dunedin.
"This is a developing location that offers businesses affordable freehold land which can be hard to find in central Dunedin. There has been quite a bit of development in the surrounding area lately which demonstrates its merits as an industrial business location."
The sites offer good road transport links into central Dunedin as well as regional destinations around the South Island. Other businesses in the nearby area include Farmlands, Placemakers and PGG Wrightson Wool.
