Appointed as the Sole Agent by the vendor, CBRE New Zealand presents 21 and 23D Dragon Street, Grenada North, Wellington for sale by Deadline Private Treaty closing Wednesday 21st July 2021 at 4.00pm.

21 and 23D Dragon Street are being offered for sale as one, delivering owner occupiers, investors, and developers a four-year holding income, with a full net lease to a national tenant, Tegel Foods Limited. A truly unique offering with both properties presently being used for food preparation and cool store facilities, however they are not purpose-built facilities. Both properties are of tilt slab construction and include warehouse buildings with cool store/chillers and processing areas built within, providing increased flexibility, or alternatively in the future they could very easily be converted back to straight warehouse store distribution warehouses.

Coupled with the four-year net lease and a lack of similar premises offering cool store and processing facilities, 21 and 23D Dragon Street offer both flexibility and future proof optionality.

Investment Highlights:
- 21 Dragon Street: 1,160sqm
- 23D Dragon Street: Quarter share of 1,370sqm (260sqm of floor area)
- Warehouse/office converted to food processing/cool store facilities
- Four-year holding income with full net-lease to national tenant (Tegel Foods)
- Tilt slab construction
- Well-maintained and recently re-roofed
- Flexibility and future proof optionality
- Zoning: ‘Business 2’
- Chattels included