•No 1 blue chip multi national tenant

•16-year lease (eight years to go) plus two rights of renewal of six years

•CPI rent reviews

•Recent $1,500,000 (approximately) refurbishment to roofs and ceilings

•Tenant maintains and replaces all plant and equipment in landlord-friendly lease

This large high stud facility (over 10,000sqm of building) with excellent seismic rating provides significant capacity to the cold store industry in Hawke's Bay, where demand far exceeds supply.

The tenant is the largest cold store and supply chain company in the world with facilities in many countries.

Near neighbours include McCain Frozen Foods, Crasborn Group, Bostock Group, Wineworx, Sacred Hill Winery and Profruit.