Cedenco Foods New Zealand Limited, 20 Innes Street, Awapuni, Gisborne

Tender 24 April 2025
8,034m2
Land Area
3,011m2
Floor Area

Cedenco Storage Complex

Cedenco Foods NZ Ltd wish to sell and lease back its modern storage facility located in Innes Street Gisborne. The sale will be subject to a long-term lease back to Cedenco with a proposed annual rental of $359,790 plus gst per annum. The property is adjacent to the main factory and is on a separate title comprising 8034 square metres fronting Innes Street. The dry store comprises 1,664 square metres, adjacent is the chiller and freezer stores comprising 1,302 square metres plus the office area and a substantial canopy area of 729 square metres. The complex was completed in 2005 and is built from a reinforced concrete slab with steel framing and a mix of concrete block and long mild steel cladding. The freezer/chiller areas are constructed from Bondor Refrigeration wall and roof panels. The building is in excellent condition and will be a great asset for an astute investor looking to secure a long-term income stream.

Cedenco Foods New Zealand Limited, 20 Innes Street, Awapuni, Gisborne

Web ID

GIC200913

Floor area

3,011m2

Land area

8,034m2

LV

$1,390,000

RV

$3,000,000

Tender (unless sold prior)

Thursday, 24 April 2025, 4.00pm

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Contact


Philip Searle

Philip Searle

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Property enquiry

Property enquiry for
GIC200913

About the location


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This is a substantial parcel of land right opposite Gisborne's industrial subdivision. With land in the subdivision at an absolute premium (if any were available) this block will make a secure investment for the future. Comprising just over 5.5 hectares with substantial industrial buildings of nearly 7,000 square metres leased to substantial food processing companies. Including high stud cold and cool stores with substantial warehousing. Included on the block is approximately 2.8 hectares of vacant land currently zoned Rural/Residential which lends itself to further development. The property is located with good road access to the main roads both north and south of Gisborne. Full information memorandum is available upon request to Property Brokers Commercial Division - Philip Searle.

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This office space is a fantastic opportunity for businesses looking for a premium location in Gisborne. Here's a summary of the key points: • Location: Central City, high profile corner site with excellent signage opportunities. • Size: 600 m2, with the option to subdivide into two tenancies • Condition: Completely stripped out and earthquake strengthened to 80% NBS, ready for a new fitout • Amenities: Onsite carparks with potential for additional parking. • Target Tenant: High-end tenants looking for high-quality office accommodation. • Customization: Opportunity for tenants to have substantial input into the design for the new premises. Would you like help with anything specific related to this property, such as a site visit, or something else? Contact: Phillip Searle for a confidential discussion.

By Negotiation
GIC200913

Cedenco Foods NZ Ltd wish to sell and lease back its modern storage facility located in Innes Street Gisborne. The sale will be subject to a long-term lease back to Cedenco with a proposed annual rental of $359,790 plus gst per annum. The property is adjacent to the main factory and is on a separate title comprising 8034 square metres fronting Innes Street. The dry store comprises 1,664 square metres, adjacent is the chiller and freezer stores comprising 1,302 square metres plus the office area and a substantial canopy area of 729 square metres. The complex was completed in 2005 and is built from a reinforced concrete slab with steel framing and a mix of concrete block and long mild steel cladding. The freezer/chiller areas are constructed from Bondor Refrigeration wall and roof panels. The building is in excellent condition and will be a great asset for an astute investor looking to secure a long-term income stream.

Tender 24 April 2025

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