• 40 years in the earthmoving business

• Comprehensive asset schedule of vehicles and machinery

• Provides diverse range of earthwork services

• Freehold sale includes 1.5 hectare commercial property

• Property accessible to Tukituki River for shingle extraction

• Big opportunities should the Dam Project proceed

Over the past 40 years Rae Asphalts has established a reputation for quality workmanship, reliability and value. This highly respected business has delivered a diverse range of earthwork and civil contracting projects in the Central Hawkes Bay region. These include preparation and sealing of vehicle crossings, residential roads and driveways, tennis courts, carparks, house sites, farm tracks and yard formation.

The sale includes the freehold going concern business, trucks and machinery and 1.5 hectare commercial property at 2338 State Highway 2 in Waipukurau. The property includes sheds and yard where gravel is extracted from the Tukituki River and held for crushing. The business holds the necessary consents and agreements from the Hawkes Bay Regional Council to access and extract material from the Tukituki. The gravel is crushed into AP65 sub-base to AP40 base course, stockpiled and utilised on projects.

The 1.5 hectare property includes a crusher where quarried gravel is processed into a variety of metals ranging from Ap65 sub-base to AP40 base course, stockpiled and then utilised by Rae Asphalts on civil construction and roading projects.

The Central Hawkes Bay region is experiencing significant growth and development of residential subdivisions. There is strong demand for earthwork and civil contracting services in the region. Should the government ‘fast-track' the Tukituki Water Security Project, formerly known as the Ruataniwha Water Storage Scheme Dam, then the opportunities for businesses in earthworks sector are considerable.

For a confidentiality agreement please contact Rodger Howie.