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Castlecliff 1 Imlay Place, Castlecliff

ID WGC222225
$4,780,000 + GST (if any)

High-Profile Industrial Investment

Positioned in Whanganui's established and strategically important Heads Road industrial area, this substantial industrial complex presents a special opportunity to secure a large-scale, income-producing asset underpinned by recognised national businesses. Comprising two industrial buildings with a combined floor area of 4,407 m2, being 2,949 m2 and 1,458 m2 respectively, set on a generous 8,145 m2 freehold site. The improvements are well suited to logistics, manufacturing, and heavy industrial use, with practical layouts. Tenants are Yokohama / TRS and Direct Connect Container Services. Together, these established businesses generate a net annual rental of $331,400, providing a stable and reliable income stream. Strategically positioned approximately 4 km from the Whanganui City centre and 6.3 km from Whanganui Airport, serviced by Air Chathams with multiple daily flights to and from Auckland. The property also enjoys strong regional connectivity, being 75 km from Palmerston North and 194 km from Wellington. The Heads Road industrial area is one of Whanganui's significant employment and production hubs, home to major operators including Open Country dairy processing, Affco meat plants, Tasman Tanning, Bremworth Carpets, Pacific Helmets, plus a wide range of complementary service industries. This concentration of large-scale industry reinforces the long-term strength and relevance of the location. This is a rare opportunity to acquire a fully leased, large-format industrial investment in a tightly held locality, delivering scale, income security and strategic positioning within the lower North Island's industrial and logistics network. For sale $4,780,000 plus GST (if any).
Features
Area | 4407.00m2Land | 8145 m2Rates | $25,510.08Regional rates | $2,496.29LV | $1,360,000RV | $3,660,000
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Richard White

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