14 Groome Place, Hastings Long-term security with triple net, 20-year lease

Available PropertyFiles:

  • Approved Consent Plans Groome Place 14.pdf
  • Coolstore Building Plan - Groome Pl, 14.pdf
  • Detailed Fixed Asset - Book Value - Groome Pl, 14.pdf
  • Information Memorandum_Groome Pl, 14.pdf
  • OPEX Schedule Groome Pl, 14.pdf
  • Rental Anaylsis Final - Groome Pl, 14.pdf
  • /Agreements/
    • Deed of Lease (Draft) - Groome Pl, 14.pdf
    • Tender Agreement - Groome Pl, 14.pdf
  • /CT, Easement Info & LIM/
    • CT, Easement Info & LIM.zip
    • Title Plan DP 585928 - Groome Pl, 14.tif
    • Title Plan DP 602815 - Groome Pl, 14.tif
  • /Council Files/
    • Property Files.zip
  • /DD, PS, CCC, BWOF, Compliance, Plans/
    • Groome Pl, 14.zip
  • /Insurance Documentation/
    • Insurance Cert & Insurance Val.zip

Property Description

• Triple net format, long-term lease
• Completed in 2021 utilising a Bondor XFLAM construction type
• Fully optimised cool store design for bin storage and handling
• Established Hawke's Bay industrial location, adjacent Mr Apple's primary postharvest facility

An industry leading asset with state-of-the-art cooling infrastructure, located in the centre of Hawke's Bay - one of the world's leading apple producing regions. Completed in June 2021, build quality and asset condition is superb. Tenant covenant is equally impressive, with a new 20-year lease from settlement date to apple industry leader Mr Apple Limited, owned by listed agribusiness and logistics
company - Scales Corporation.

Ten separate cool stores, five dedicated loading pods, smart fresh facilities, plant rooms and a high-capacity refrigeration system comprise some 6,996sqm of lettable cool store facility, with an 11-metre stud, supported by 2.15ha (more or less) of sealed yard bin storage and operations. The triple-net lease terms (including all plant and equipment) will attract passive capital in the world leading food sector, further solidified by annual 2.5% rental growth and built-in market rent reviews.

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Contact Stephen Scott

Bayleys Real Estate Limited

PO Box 8923, Symonds Street, Auckland

027 406 0298   stephen.scott@bayleys.co.nz   All Listings


Contact Kerry Geange

Eastern Realty Limited

Licensed under the REA Act 2008

0275432643   kerry.geange@bayleys.co.nz   All Listings

After growing up in the Wairarapa, schooling in Greytown and being awarded an Honour's Degree in Planning had a career of almost 20-years of experience as a consultant planner in NZ and the UK. Multi-million dollar private and public projects as an expert, negotiation, programme management, and sitting on high profile project boards, including for the Mayor of London on the world leading Central London Congestion Charging Scheme were among his highlights.

This impressive and successful background has shifted well into commercial real estate, with Kerry central in successful sales of over $150m in property in 2021. Kerry has built a reputation of professionalism, honest real estate, and working in the interest of clients.