A TASTEFUL INVESTMENT
This amazing piece of New Zealand's viticulture history is located at 55 Te Kauwhata Road, Te Kauwhata, in the Waikato district. This leased investment property was initially constructed in 1902 by the New Zealand government as New Zealand's first viticulture research station and winery. Throughout its history the site has been expanded multiple times and now consists of a mixture of office and warehouse space, wine barrel cellars, pump and blending tank areas and a fully operational wine bottling and distribution facility, producing more than 12,000 bottles of wine a day.
The approximately 1,620m² of buildings are held in one Fee Simple (Freehold) title of 10,390m² of land, zoned Country Living, and includes New Zealand's most iconic winery. This property is currently leased to one of New Zealand's most progressive wine labels, Invivo & Co Limited, on a 10 year lease with rights of renewals and built in rent increases (upcoming rent review in January 2020), returning $184,178 net per annum plus GST.
The Kauwhata's population is growing rapidly due to its affordable land and housing options, commutable distance to Auckland, Hamilton and Tauranga, and its stunning environment. Minister of Housing and Urban Development, Phil Twyford, announced in June 2018 that Waikato District Council would receive a $38 million, 10 year interest free loan to support the Waikato Township. The infrastructure that will be built with this funding is aimed at supporting approximately 3,000 new affordable houses and includes expanding water supply, reservoirs and reticulation, as well as a new wastewater treatment plant, pipeline and treated water disposal.
• Leased commercial investment returning $184,178 net per annum plus GST
• Strong performing, high calibre tenant
• Large land parcel in a high growth area
• Historic and highly coveted asset to add to any portfolio