CBRE (Agency) New Zealand as the exclusive selling agent is proud to present a prime investment property at 375 Tremaine Avenue, Palmerston North. This a unique opportunity to secure a substantial industrial facility well positioned in the central distribution hub of New Zealand's North Island.
Premier Beehive NZ are the sole occupants of the 2.1212 hectare freehold site. Zoned General Industrial, the recent improvements and replacement to significant components of the refrigeration plant provide a combination of clear span freezer and chiller, warehousing, storage and compressor sheds with stand-alone offices and amenities.
Beehive has recently exercised a 14 year right of renewal on their lease demonstrating their commitment to the property and long-term occupation strategy. With guaranteed fixed rental growth of 5% per annum this offer will provide investors long-term income security from a global covenant that are the largest meat processing company in the world.
375 Tremaine Avenue, Palmerston North is being sold by Deadline Private Treaty closing 4:00pm (NZST) Thursday 1 September 2022 (unless sold prior).
For further information, to discuss this opportunity, or to arrange an inspection please contact the CBRE sole agents, John Bedford and Bruce Catley.