9 Maultsaid Place, Longlands, Hastings

By Negotiation
44,990m2
Land Area
2,538m2
Floor Area

+15

+14

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Property / Commercial / Sale / 9 Maultsaid Place, Longlands, Hastings

Purpose built RSE workers accommodation facility

This modern purpose-built RSE accommodation facility was developed between 2020 and 2023 in three stages. It currently accommodates 246 workers with plans underway to expand an additional 96 RSE workers. Stage 3 was completed in September 2023 and the entire facility is secured under a long term lease to ENZA Fruit New Zealand Limited. • Net Income circa $1,460,000pa plus GST • Built-in growth with annual CPI adjustments • Total land area 4.499 ha (approx.) freehold • Accommodation capacity 246 beds • Consent underway for a further 96 beds, growth of approx. $600,000pa additional rental • Lease term 10 years from September 2023 with further rights of renewal • Operating expenses 100% paid by the tenant • Strategically located property within the Irongate growth node and in easy proximity to the ENZA orchards This property presents a unique opportunity to secure an investment that has growth opportunity and a very secure income stream for the future. Enquire today for full details.

9 Maultsaid Place, Longlands, Hastings

Web ID

NC217910

Floor area

2,538m2

Land area

44,990m2

District rates

$16,538.88pa

Regional rates

$2,881.18pa

By Negotiation
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Susan Davis

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