Lot 1/4 Fraser Street, Port Whangarei, Northland

Lot 1/4 Fraser Street, Port Whangarei, Northland Investment in Port Whangarei

On offer is the freehold title of Lot 1, 4 Fraser Street. Strategically situated in the Port of Whangarei. The buildings include a slipway, extensive workshops, undercover paint and refit shop, offices and reception. The tenants include Oceania Marine and Hancock Forest Management.

Key Features:

- Net rental: $957,662.54 +GST

- Freehold title Lot 1 DP 501413 on CT 749260

- 2.0630 Ha land area (more or less)

- Zoned 'Heavy Industrial'

- 5739 m2 approx. of buildings including extensive workshops, undercover paint & refit shop, offices and reception

- 800-tonne working slipway handling vessels up to 60 meters long

- 3 road access points to the property

- All consents and licenses are in place and current including coastal marine permits and seabed licences.

- Site provides deep water access

Lease terms Oceania Marine:

- $908,112.50+gst net

- Commencement date upon sale

- Term and renewals to suit purchasing party

Lease terms Hancock Forest Management:

- $49,550.04 +gst

- 4 year term

- Final expiry 31 March 2025 if all rights of renewal exercised

Contact us to secure this investment today.