29a Brighton Road, Dunedin

Page 1

For Sale

29a Brighton Road, Green Island, Dunedin For Sale by

Negotiation Land Area

8,556m²

A quality industrial investment opportunity with long term lease in place to a substantial tenant

(more or less)

Annual rental of $458,834.04pa plus GST (see page 5)

Leased to national/ international tenant

Located in the established industrial location in Green Island


Colliers

29a Brighton Road | For Sale

Contents Otago Realty (NZ) Limited t/a Colliers, licensed under the REAA 2008, has been appointed to market for sale 29a Brighton Road, Green Island, Dunedin.

Introduction

2

Property Highlights

3

The Property

4

Tenancy Schedule

5

The Location

6

Zoning Information

8

negotiation.

2GP Information

10

Further information can be obtained by registering

Photos

12

your interest with the agent below.

Certificate of Title

13

Dataroom

14

This freehold offering is offered for sale by

Please note; from 1 July 2018, lawyers and conveyancers are required to verify the identity of their clients in accordance with anti-money laundering legislation which may add time delays to set up if this has not been done previously. Colliers recommend you seek legal advise regarding this and allow adequate time. Please visit the following link for more information https://reinz.co.nz/Media/Default/Newsletter%20 Images/2018%20-%20July/AML_warning_flyer_ July_2108_v2.pdf

For information around the purchasing process and other property related queries please visit www.settled.govt.nz Viewings of the property are by appointment only.

Contact

DEAN COLLINS

DIRECTOR Commercial/Industrial Sales & Leasing 027 499 0974 dean.collins@colliers.com


29a Brighton Road, Dunedin | Information Memorandum

29a Brighton Road | For Sale

Property Highlights The subject property represents a fantastic opportunity to purchase a quality modern industrial investment leased to a substantial Tenant.

The property sits on Brighton Road, Green Island, surrounded by a number of well recognised businesses. The property also

Site area 8,556m² (more or less)

sits in close proximity to State Highway 1 (The Motorway), sitting approximately 750m from the Green Island exit and on ramp with access to the motorway Northbound and Southbound.

Zoned Industrial 1 and 2GP Zoned Industrial

The site sits back off Brighton Road, with access to the site via legin access road.

Freehold tenure

The property is leased to EnviroWaste Services Limited (who sublease to Oji Fibre Solutions) on a 21 year lease term from 1-Jun2011 (with a break clause on 1 June 2025), final expiry being 31 May 2032, with a total annual rental of $458,834.04pa plus GST (approx), see page 5 for a full breakdown. The substantial property

Total rental of 458,834.04pa plus GST (approx)

is made up of an office area of 243sqm, enclosed warehouse/ factory 1,764sqm and open warehouse 1,138sqm plus yard (all approximate).

National tenant

The extensive property was built in 2011 (as per Telfer Young valuation, dated December 2022) on the 8,556m² freehold site, benefitting from large fully developed concrete yard, marked

Long lease

carparking area, hardstand, and bounded by chainlink fence with a gate system.

DISCLAIMER: This Information Memorandum has been prepared solely for information purposes in order to assist interested parties in making an initial evaluation of the property and does not constitute advice nor purport to contain all of the information that a prospective tenant/purchaser may require. In all cases interested parties must conduct their own investigation and analysis of the properties and the data set out in this Information Memorandum to satisfy themselves in all respects and not rely on the information in this Information Memorandum to make their purchasing decision. This Information Memorandum has been prepared in good faith and with due care by Colliers, but neither Colliers nor the Vendor/Landlord accept responsibility hereunder for the accuracy of any part of the information contained in this Information Memorandum. Therefore the recipient/s of this Information Memorandum to the extent that they rely on the information contained herein do so entirely at their own risk. The Vendor and Otago Realty (NZ) Limited t/a Colliers (and its brokers) expressly disclaim all liability for representations, express or implied, contained in, or for omissions from, this Information Memorandum or any other written or oral communication given to any prospective tenant/purchaser in the course of their evaluation and/or offer. This Information Memorandum does not constitute an offer for sale or purchase or otherwise. Please note; the floor plan and/or measurements and/or floor areas provided for the subject properties are based on the information provided by the Vendor and/or other third parties. Colliers take no responsibility for the accuracy of the supplied floor area and/or measurements provided and recommend that if this is of concern/relevance to an interested party that they make their own independent investigations into such matters.

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Colliers

29a Brighton Road | For Sale

The Property Address: Tenure: Legal Description: Land Area: Certificate of Title: Zoning: 2GP Zoning: Rating Valuations: Land Value: Improvements Value: DCC Rates: ORC Rates:

29a Brighton Road, Green Island, Dunedin Freehold Lot 3 Deposited Plan 438420 8,556m² (more or less) 541381 Industrial 1 Industrial $6,010,000 $2,040,000 $3,970,000 $50,072.17 plus GST $2,516.03 plus GST

The “annual rates” shown on this page are for rates levied for the period 1 July 2023 to 30 June 2024. Please note, outgoings information has been provided by the vendor and/or other third parties, and is not necessarily an exhaustive list of all outgoings associated with ownership of the property, it is recommended any purchaser seek their own independent advice in relation to outgoings likely to apply with regard to ownership of the subject property (and any other outgoings that may apply outside those provided), and rely solely upon their own information for making their purchasing decision.

EnviroWaste New Zealand Company Structure Cencioni Limited Tortola , Virgin Islands, British

Enviro (NZ) Limited

Enviro NZ Services Limited

Please note, no LIM, earthquake, geotechnical, contamination, fire or asbestos reports, HAIL or asbestos management plan have been provided to us and it is recommended any interested parties seek their own independent legal/ technical advice regarding these or any other matters relevant to them for the purposes of a purchase of the subject property, and not rely on any of the information provided to make their purchasing decision. Please note; the floor plan and/or measurements and/or floor areas provided for the subject properties are based on the information provided by the Vendor and/or other third parties. Colliers take no responsibility for the accuracy of the supplied floor area and/or measurements provided and recommend that if this is of concern/relevance to an interested party that they make their own independent investigations into such matters.


29a Brighton Road, Dunedin | Information Memorandum

The Tenant

Established as Enviro Waste Services Limited in 1995, Enviro NZ is a business that is constantly evolving to meet the ever-changing needs of our customers and local communities. Recognising that waste diversion is not enough, we’re leaders in waste minimisation and resource recovery, providing homes and businesses with innovative solutions that support a low-emissions future. We have combined our EnviroWaste, ChemWaste, EnviroEarth, Enviro NZ businesses into one single brand – we are now simply known as Enviro NZ. While we have a new look and new name, the services we provide remain the same. As Enviro NZ, we’re focused on making it easier for New Zealanders to look after the environment through waste and recycling solutions. We are aiming to make this change as simple as possible for our customers and business partners. We’re the same company with the same IRD, GST and bank numbers. Our team and services remain in place to support you. Source: environz.co.nz

Tenancy Schedule

Address

Tenant

29a Brighton Road

EnviroWaste Services Limited

Gross or Net

Net

Rental pa plus GST

$458,834.04

Commencement date

1-Jun-2011

Current Term

21 years

Rights of Renewal

Final Expiry

Rent Reviews

-

31-May2032*

Market rent review on 1-Jun-2025, plus CPI rent reviews on 1-Jun-2026 and 1-Jun-2029

* With a break clause on 1 June 2025.

Please note, the tenancy/rental figures shown above have been provided by the vendor and/or other third parties, and Colliers take no responsibility as to these figures being the actual income/rental paid by the tenant(s)/received by the owner nor do Colliers take any responsibility for the financial performance of the tenant(s) and recommend any purchaser makes their own independent investigations into such matters and relies solely upon their own information and judgement for making their purchasing decision. Please note, outgoings information has been provided by the vendor and/or other third parties, and is not necessarily an exhaustive list of all outgoings associated with ownership of the property, it is recommended any purchaser seek their own independent advice in relation to outgoings likely to apply with regard to ownership of the subject property (and any other outgoings that may apply outside those provided), and rely solely upon their own information for making their purchasing decision. The figures are an estimate only and are subject to change. Colliers are acting only as a conduit to any information passed on and cannot be held liable for the accuracy of the information or claims made.

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Colliers

The Location

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Motorway On/Off Ramp

Subject Site 29a Brighton Road

Green Island Landfill

Boundary lines/locations shown are indicative only

Dunedin is located on the South East coast of the South Island. It is a city nestled in tree-clad hills at the head of a spectacular harbour. Dunedin is the main centre of, and the gateway to, the Otago region. Population – approximately 134,000 (student population approximately 25,000). Dunedin is New Zealand’s second largest city by area and arguably the most spectacular in terms of contrasting landscapes. Source: Dunedinnz.com

The property sits on Brighton Road, Green Island, surrounded by a number of well recognised businesses including The Green Island Landfill, Firth Industries, Totalspan Steel Buildings, and much more. The property also sits in close proximity to State Highway 1 (The Motorway), sitting approximately 750m from the Green Island exit and on ramp with access to the motorway Northbound and Southbound. Dunedin is looking to be sitting in a positive position with a number of developments being planned or already in the works, including the $1.4bn hospital build, new ACC building (a joint venture between ACC and Ngai Tahu), the University of Otago’s new residential college (Te Rangihīroa), extensions


29a Brighton Road, Dunedin | Information Memorandum

Subject Site 29a Brighton Road

Source: Property Guru – Boundary line and measurements are indicative & approximate only.

Source: Property Guru – Boundary line and measurements are indicative & approximate only.

to it’s Aquinas College, new Health Science Building, South Dunedin Library and Community Complex, Te Kaika Health Hub, ORC Headquarters, Port Otago inland port, Kiwirail’s Hillside Workshop redevelopment, Harbour Arterial Route, and Central City/George Street upgrade.

• New Zealand’s single largest hospital build • $1.4 billion project • 100,000 sqm • 396 inpatient beds – increasing to 454 by 2043. • 61 day beds

Construction of a new hospital by the New Zealand Government has commenced. This will replace the existing Dunedin Hospital. At the peak of construction, there will be 1,000(+) workers on site. On 1 November 2018, the Ministry purchased a large block of land, the former Cadbury site. The CBD was chosen for the new hospital due to its central location which is easily accessible by public transport. This dynamic central city area is right at Meridian Mall’s doorstep.

Once built, it will be the most modern hospital in New Zealand, serving the people of Dunedin and the lower South Island for decades to come.

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Townscape Precincts

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TH01 North Dunedin Residental Townscape Precinct TH02 The Octagon Townscape Precinct TH03 North Princes Street/Moray Place/Exchange Townscape Precinct As ofR6 7 -November 2018, all rules in the proposed 2GP decisions version Residential 6 Zone TH04 South Princes Street Townscape Precinct (November 2018) have legal effect. Legal effect means the rules of both the Campus Zone TH05 Crawford Street Townscape Precinct TH06 South Dunedin Townscape Precinct proposed plan (2GP decision version) and the operative District Plan (2006) Airport Zone TH17 St Clair Esplanade Townscape Precinct Zonevisit the Dunedin City Council website (www.dunedin.govt.nz), Contains Data Derived from LINZ's apply.Stadium Please R4 - Residential 4 Zone

R5 - Residential 5 Zone

CA -Central Activity Zone Crown Copyright Reserved Second Generation Plan website (https://2gp.dunedin.govt.nz/2gp/index.html) Heritage Precincts LSR - Large Scale Retail Zone or contact the Dunedin City Council on (03) 477 4000 for further information LA1 - Local Activity Zone 1 TH07 Campus Heritage Precinct relating the District LA2 -to Local Activity Zone 2 Plan and the Second Generation Plan.

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Royal Terrace/Pitt Street/Heriot Row Heritage Precinct

Map Printed: JuneCommercial 2015 Heritage Precinct TH09 George Street

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TH10 Lower Stuart Street Heritage Precinct ^ ^^ ^^ The map on page 9 shows the Dunedin City District Plan 1999 zoning and the ^^ ^^ TH11 Anzac Square/Railway Station Heritage Precinct Port 1 Zone ^ ^^ ^ ^ ^ map Port on 2page 10 shows the Second Generation District Plan 2GP ^^ TH12 zoning. Queens Gardens Heritage Precinct Zone ^^ ^^ ^^

TH13 Vogel Street Heritage Precinct ^^^^ ^^^^ TH14 District High Street Heritage Precinct ^^^^^^ All information has been sourced from the Dunedin City Council Plan. It RR - Rural Residential Zone ^^ TH15 Port Chalmers Heritage Precinct ^^^^ ^^^^ is recommended interested parties to qualify and elaborate all relevant planning H - Harbourside Zone TH16 Willowbank Heritage Precinct ^^ ^^^ Rural Zone

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Campus Heritage Precinct Royal Terrace/Pitt Street/Heriot Row Heritage Precinct George Street Commercial Heritage Precinct Lower Stuart Street Heritage Precinct Anzac Square/Railway Station Heritage Precinct Queens Gardens Heritage Precinct Vogel Street Heritage Precinct High Street Heritage Precinct Port Chalmers Heritage Precinct Willowbank Heritage Precinct

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Urban Landscape Conservation Areas

AREAS WITH SPECIAL CONTROLS RESIDENTIAL

ULCA 01 Dunedin Town Belt ULCA 02 Harbourside Areas, Dunedin ULCA 03 Leith Edge, North Dunedin ULCA 04 Port Chalmers Town Belt ULCA 05 Back Beach, Port Chalmers ULCA 06 Watson Park, Port Chalmers ULCA 07 Woodland Road, Mosgiel ULCA 08 Owhiro Stream, Mosgiel ULCA 09 Silverstream Banks and Adjoining Parks, Mosgiel ULCA 10 Kaikorai Estuary, Fairfield ULCA 11 Frasers Gully, Dunedin ULCA 12 Wakari Reserve, Dunedin ULCA 13 Kaikorai Valley, Dunedin ULCA 14 Caversham Valley Slopes, Dunedin ULCA 15 Concord/Corstophine, Dunedin ULCA 16 Ross Creek/Balmacewen, Dunedin ULCA 17 Ocean Beach Domain, Dunedin ULCA 18 Chingford Park, North East Valley ULCA 19 Buccleugh Street, North East Valley ULCA 20 Somerville Street/Marne Street, Dunedin ULCA 21 Upper St Clair, Dunedin ULCA 22 Walton Park, Fairfield ULCA 23 Brockville, Dunedin ULCA 24 Leith Valley, Dunedin

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Second Generation District Plan Zoning Zones – This is the base or underlying zoning of your land, such as a rural or residential zone. All land is zoned. Industrial The subject property is located in the Industrial zone as per the Dunedin City Council Second Generation District Plan. See Section 19 Industrial Use Zones.

Overlay zones – These are additional management zones that include rules related to a particular topic, e.g. hazard or landscape overlay zones. Hazard 2 Flood The subject property is located in an area included in the Hazard 2 (Flood) Overlay Zone. Hazard 2 overlay zones are considered to have an overall moderate level of risk, and often have some variation in risk or uncertainty of risk at a site specific level. This includes areas with some history of flooding, or that have previously slipped. New residential development and other activities categorised as being sensitive, as well as potentially sensitive activities that are not permitted in the zone require resource consent as a discretionary activity. Additions and alterations which create new ground floor area over 36m2 or 60m2 in some zones in hazard 2 land instability and hazard 1 and 2 flood areas require a resource consent as a restricted discretionary activity. Resource consents will consider site specific factors and the nature of the development, including any proposed mitigation measures to reduce risk, such as building design. Performance standards also apply to these areas. See Section 11 Natural Hazards.

Further information regarding the Second-Generation District Plan is available via the data room or on request. Colliers recommend all parties complete their own due diligence investigation and seek their own independent advice regarding all information supplied and any other matters relevant to the purchaser/tenant for the purposes of a purchase/lease of the subject property, and not rely on the information to make their purchasing/leasing decision. All information has been sourced from the Dunedin City Council District Plan. It is the responsibility of interested parties to qualify and elaborate all relevant planning information noted above. Please visit the website (www.dunedin.govt.nz) or contact the Dunedin City Council for further information relating to the development controls and planning restrictions relevant to this subject property. Source: www.2gp.dunedin.govt.nz


29a Brighton Road, Dunedin | Information Memorandum

Planning Map (Decisions Version) Legend Scheduled Items

Natural Hazards

Heritage Buildings and Structures

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Heritage Building Heritage Structure Character Contributing Building Scheduled Trees

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Mapped Areas

Hazard 1 (flood)

Amenity Route

Hazard 1A (flood)

Archaeological Alert Layer

Hazard 1 (land instability)

Boiler Point and Back Beach Height

Hazard 2 (flood)

Caversham

Hazard 2 (land instability)

Cerebos Greggs Height

Hazard 3 (flood)

Coastal Environment

Hazard 3 (alluvial fan)

Dukes Road North

Areas of Significant Biodiversity Value Scheduled Heritage Sites

Ì Ì ÌArchaeological Sites Ì Ì Ì Designations

Hazard 3 (coastal) Sites with Multiple Designations

Dune System Esplanade Reserves and Strips ^^^^^^^^ Reserve

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Groundwater Protection Harbourside Edge Height

Harbourside Edge Transition Harbourside Edge Public Walkway Industrial Transition Hazard Facility

Coastal Character Natural Coastal Character

High Class Soils

High Natural Coastal Character

Huriawa Height Restriction

Outstanding Natural Coastal Character

Infrastructure Constraint

Landscape - Outstanding Natural Feature

Invermay Farm

Outstanding Natural Feature (ONF) Leith Street Height

Landscape - Outstanding Natural Landscape Outstanding Natural Landscape (ONL)

Mornington

Landscape - Significant Natural Landscape Mosgiel

Significant Natural Landscape (SNL) Heritage Precinct

d d d dNational Grid Corridor d d d d d d d d

Page 1 of 2

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Colliers

29a Brighton Road | For Sale

Property Gallery


Fee Simple 8556 square metres more or less Lot 3 Deposited Plan 438420

Estate Area Legal Description

Transaction ID 1939889 Client Reference acuebillas001

Search Copy Dated 31/10/23 2:12 pm, Page 1 of 2 Register Only

Appurtenant hereto is a right of way created by Easement Instrument 10254272.2 - 17.12.2015 at 8:39 am

Subject to a right of way over part marked J on DP 493420 created by Easement Instrument 10254272.1 - 17.12.2015 at 8:39 am

The easements created by Easement Instrument 8868006.8 are subject to Section 243 (a) Resource Management Act 1991

Subject to a right (in gross) to convey telecommunications and computer media over parts marked C and D on DP 438420 in favour of Telecom New Zealand Limited created by Easement Instrument 8868006.8 - 9.12.2011 at 4:11 pm

The easements created by Easement Instrument 8868006.7 are subject to Section 243 (a) Resource Management Act 1991

Subject to a right (in gross) to convey electricity over parts marked C and D on DP 438420 in favour of Aurora Energy Limited created by Easement Instrument 8868006.7 - 9.12.2011 at 4:11 pm

Some of the easements created by Easement Instrument 8868006.6 are subject to Section 243 (a) Resource Management Act 1991 (see DP 438420)

Appurtenant hereto is a right of way created by Easement Instrument 8868006.6 - 9.12.2011 at 4:11 pm

Subject to a right of way over parts marked C and D and right to drain water and sewage and right to convey water, electricity, telecommunications and computer media over part marked D all on DP 438420 created by Easement Instrument 8868006.6 - 9.12.2011 at 4:11 pm

8868006.5 Consent Notice pursuant to Section 221 Resource Management Act 1991 - 9.12.2011 at 4:11 pm

247800 Compensation Certificate pursuant to Section 17 Public Works Amendment Act 1948 (affects part formerly Lots 11-12 Block II Deposited Plan 377) - 9.7.1962 at 2.33 pm

Interests

HWR Property Limited

Certificate of Title

Registered Owners

OT401/248

09 December 2011

541381 Otago

Prior References OT17D/131

Date Issued

Land Registration District

Identifier

Search Copy

RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 FREEHOLD

29a Brighton Road, Dunedin | Information Memorandum

(full copies of Certificates of Title available via the dataroom)

Please note: It is recommended that any interested parties seek their own independent legal/technical advice regarding the titles, any registered interests and any other matters relevant to the purchaser prior to making an offer to purchase the subject property.

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Colliers

29a Brighton Road | For Sale

Secure Documents This freehold offering is offered for sale by negotiation. Inspections of the property are by appointment only.

Due Diligence and Secure Documents Comprehensive due diligence material is contained in a secure electronic data room managed by Colliers and is available upon request. •

Information Memorandum

District Plan Zone Rules – with Legends and Maps

Industrial 1 Zone Rules

Schedule 25.5 Designations

Second Generation District Plan Zone Rules - with Legends and Maps

Section 19 Industrial Zones

Section 11 Natural Hazards

Certificate of Title information and interests

BWOF

Lease Documentation

Please note, no LIM, earthquake, geotechnical, contamination, asbestos, HAIL or fire reports or asbestos management plan have been provided to us and it is recommended any interested parties seek their own independent legal/technical advice regarding these or any other matters relevant to them for the purposes of a purchase of the subject property, and not rely on any of the information provided to make their purchasing decision. Please note, the appended documents and information supplied by Colliers are sourced or provided by the vendor and other third parties. Colliers are acting only as a conduit for this information and cannot be held liable for the accuracy of the information or claims made within. Colliers recommend all parties complete their own due diligence investigation and seek their own independent advice regarding all information supplied and any other matters relevant to the purchaser for the purposes of a purchase of the subject property, and not rely on the information provided to make their purchasing decision. This information for conduit has been provided in good faith by Colliers, and neither Colliers nor the Vendor accept responsibility hereunder for the accuracy of any part of the information made available in this information. Therefore, the recipient/s of this information to the extent that they rely on the information made available do so entirely at their own risk. The Vendor and Colliers (and its brokers) expressly disclaim all liability for representations, express or implied, contained in, or for omissions from, this schedule or any other written or oral communication given to any prospective purchaser in the course of their evaluation and/or offer.


Contact Dean Collins

Commercial/Industrial Sales & Leasing 027 499 0974 dean.collins@colliers.com

Timeline For Sale by Negotiation

Otago Realty (NZ) Limited Level 4, ASB House, 248 Cumberland Street, Dunedin PO Box 5744, Dunedin 9058 Ph: +64 3 474 0571 Licensed under the REAA 2008

Disclaimer The opinions, estimates and information given herein or otherwise in relation hereto are made by Colliers and affiliated companies in their best judgement, in good faith and as far as possible based on data or sources which are believed to be reliable. The material contained herein is not intended to substitute for obtaining individual advice from Colliers or another advisor able to provide the services of a qualified professional person. Colliers, its officers, employees and agents expressly disclaim any liability and responsibility to any person whether a reader of this publication or not in respect of anything and of the consequences of anything done or omitted to be done by any such person in reliance whether wholly or partially upon the whole or any part of the contents of this publication. COPYRIGHT Colliers. All rights reserved. No part of this work may be reproduced or copied in any form or by any means (graphic, electronic or mechanical, including photocopying, recording, recording taping, or information retrieval systems) without the written permission of Colliers.


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