Fonterra site up for tender

Sunday 4 April 2004

Fonterra's move into central Auckland has created a property opportunity.

By The Landlord

A three-level Mt Eden commercial building formerly occupied by divisions of the dairy giant is now up for sale.

The distinctive 3467 sq m building, built in the late 1980s, is on the corner of Dominion and View Rds.

Fonterra has decided to centralise its operations in central Auckland, and is moving all its divisions into the Fonterra Centre, formerly the KPMG Building in Princes St.

The ground floor of the Dominion Rd building contains a 300 sq m retail showroom.

The remainder of the ground floor space is 750 sq m of office accommodation, laboratories, store areas, packing facilities, cutting and canning rooms, cool rooms and incubator rooms...

Stuart Bode, of marketing agent Bayleys Real Estate, says the property could produce net rental income of more than $620,000 a year.

Read More - Opens in a new window
Commenting is closed

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.


Demand challenges for commercial sector

Vacancy rates in the commercial property sector are set to increase as changing economic conditions dampen demand.


LVR loosening likely - ANZ

LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.

Site by PHP Developer