Butchery-Anchored Industrial Investment

The fully leased industrial property anchored by a top regional butcher and an iwi-led community trust is up for sale in a coveted Richmond precinct.

The approximately 1,300-square-metre freehold corner site in the Beach Road industrial hub sits handy to the Richmond town centre and key roading links across Nelson Tasman.

The property on Cargill Place returns some $90,000 plus outgoings and GST per annum from leases to Tasman Butchery and Te Kotahi o Te Tauihu Charitable Trust, plus rent from a month-to-month lease to a top fishing company.

Tasman Butchery offers retail customers factory-direct access to premium, export-quality meat. It occupies its premises on a current lease that runs to August 2028 with two further three-year rights of renewal.

Alongside it, on a current lease running to April 2028, with a further two-year right of renewal, is Te Kotahi o Te Tauihu Charitable Trust. This charity was set up by iwi in 2021 to advance health and wellbeing, alleviate poverty, provide food, and promote education and skills in communities at the top of the South Island.

Both leases incorporate annual CPI rental adjustments.

The third tenancy is occupied on a periodic lease to privately owned New Zealand fishing company Solander, which supplies export grade fish to customers in Japan, the US, Australia, Europe, China, and New Zealand.

The freehold land and buildings at 2 Cargill Place, Richmond, are now for sale at offers over $1,270,000 plus GST (if any), through Gill Ireland and Seb Hickman of Bayleys Nelson.

Ireland says the property will suit a passive investor, a syndicator, or a buyer wanting to secure a foothold in a tightly held precinct and occupy space as leases roll over.

“The approximately 727 square metres of buildings have been developed progressively, with light-industrial workshops erected in 1993 and a cool store, freezer and canopy added in 2000.

“This versatile configuration suits a range of industrial, trade and storage occupiers. The site also benefits from dual frontage at the corner of Cargill Place and Beach Road with sealed yard, loading and turning area, and on-site parking.

“Owners and occupiers here enjoy pride of place in an in-demand central Richmond industrial precinct with limited freehold stock available,” Ireland says.

The Cargill Place site forms part of the flexible Industrial A zone under the Tasman Resource Management Plan.

Hickman says this supports wide-ranging activities including manufacturing, maintenance and repair, and storage, assuring the site of broad long-term occupier appeal.

“Surrounding this property is an established mix of industrial, trade and service businesses. These are engaged in activities spanning the likes of building, roading and construction services, self-storage, automotive and trade supplies, plant and machinery hire, freight transport, and waste management.

“Positioned just off Beach Road, linking to State Highway 6 and the wider regional road network, this location combines convenience for staff and customers with the practicality required by industrial, trade and storage occupiers.

“Proximity to the town centre, Queen Street, and Richmond Mall means retail, hospitality and banking amenities are just minutes away,” he says.

Hickman says local commercial and industrial demand is being buoyed by a burgeoning residential catchment.

“The Richmond area is sprouting a proliferation of housing subdivisions in line with sustained population growth. With the increased housing, development and population, many businesses are seeing new opportunities and choosing to locate or expand in Richmond,” he says.