Tachikawa property on the market

An aerial view of the sawmill site which can be broken down into three small portions.

Tachikawa's Vaughan Rd property has gone on the market.

Tachikawa Forest Products Limited went into receivership in October with the loss of 130 jobs. A receiver's report issued in December showed the company owed $13 million. Last month receivers KordaMentha told the Rotorua Daily Post there had been no interest from buyers in the sawmill as a whole.

They have now placed the property - comprising 8ha of land and more than 18,000sq m of buildings - up for sale. The sawmill's plant and machinery is being sold separately.

KordaMentha's Brendon Gibson said proceeds from the sale of the land, plant and machinery would go towards paying BNZ, which is owed $6.3 million. Workers have to date been paid out 73c in the dollar.

Most of the timber stock had now been sold, Mr Gibson said.

Buildings on the site include large warehousing and storage units, several office and administration locations, staff amenities, walkways and canopies, multiple workshops, sheds, and two sizeable structures which housed the heavy-duty milling operations.

Real estate agency Bayleys is selling the site through a tender process closing on March 27.

Mike Adams of Bayleys Auckland said the industrial site would be suitable for the likes of a truck parking yard, engine and equipment maintenance and engineering plant, or industrial storage facility, as well as timber processing.

Bayleys Rotorua's Mark Slade said while the property was being offered for sale as one lot, it could easily be broken down into three small portions.