13 Rogers Street, Cromwell, Central Otago, Otago 9310

Sold

Cromwell Industrial - look no further

The site presents a significant land holding and a rare opportunity for businesses or developers in Cromwell's Industrial precinct. With Cromwell being well recognised as an effective service hub for Queenstown, Wanaka and the wider Central Otago region this presents a truly unique opportunity to buy a sizeable land holding that has both short term and long term upside with the ability to take immediate possession.

The property has a frontage to Rogers Street of just over 52 meters offering good street profile, while having a depth of over 80m to provide a total site area of 4,454sqm. Located in the middle of the site stands a hi-stud industrial building of approx. 460sqm that offers large vehicle access to the internal space. Adjoining this space is a store/workshop building of approx. 100sqms. While on the eastern side of the main building is an office annex of approx. 70sqm. With the buildings being sited in the middle of the lot, this allows drive around access for large vehicles plus good yard storage areas, while the majority of the site in fenced.

Industrial lots of this size are in short supply currently. The existing buildings offer the opportunity to generate holding income for a purchaser in the short term, for the likes of transport/freight companies, while in the longer term redevelopment of the site or additional buildings will generate a full investment return.

Investment highlights:
• Hi-Stud building with drive through ability
• Immediate occupation for owner / occupiers
• Existing buildings to generate rent
• Large yard area for truck parking
• Low site coverage offering further development

For Sale by Deadline Private Treaty, closing 17 November 2022 at 4pm (unless sold prior).

For more information please contact Steve McIsaac in the Cromwell office.

Property Details

Location 13 Rogers Street, Cromwell, Central Otago, Otago 9310