22 Harvest Road, Cromwell, Central Otago, Otago

Colliers is proud to be solely marketing this brand-new industrial property in the heart of the rapidly growing Cromwell commercial/industrial area.

The property offers a total floor area of 2,000 sqm, comprising a spacious 1,870 sqm open-plan, hi-stud warehouse and a dedicated office section. The property sits across three freehold titles, totalling 3,000 sqm of land, providing ample space for operational efficiency.

Located in a key freight and logistics hub, the site is strategically positioned to support industrial operations with excellent regional connectivity. The warehouse is designed for maximum functionality, featuring a 8.5m stud height, three roller doors, and an open-plan layout. Two gantry cranes have been installed by the tenant to facilitate the efficient movement of steel.

The office area is designed to accommodate administrative and managerial staff, with shared facilities including a lunchroom and restrooms. The yard is configured for optimal circulation, allowing delivery trucks to enter and exit seamlessly via drive-in, drive-out access.

Zoned within the Industrial Resource Area under the Central Otago District Council, this property is well-suited for a range of industrial uses.

Investment Highlights

• Brand New Build - Completed in late 2024, meeting all relevant codes, the building is brand-new meaning it requires minimal maintenance/upkeep.

• Strong Tenant Covenant - Leased to Nauhria Reinforcing, a subsidiary of the Nauhria Group, a reputable manufacturer of precast & prestressed concrete and reinforcing established in 1991.

• Long-Term Lease Security - With a 10-year initial lease term and rights of renewal beyond this, investors have comfort in the long-term lease security of the property.

• Well-Comprised Site - Specifically designed to be open-plan in the warehouse area, with functional yard and drive-through ability, this warehouse would suit a number of business uses.

• Passive Investment - Fixed annual rental growth and market rent reviews enhance long-term value.

• Prominent Road Frontage - The site boasts prominent frontage onto Harvest Road, further enhancing the tenant profile.

This is a rare opportunity to secure a premium, passive investment with long-term lease security and strong growth potential.

Please contact sole agents, Steve McIsaac or James Valentine for more information.