Five commercial properties on the site of failed meat processor Fortex are for sale on Dukes Rd near Mosgiel.
Following the collapse of the Fortex works in early 1994, owing creditors $130 million, parts of the site were converted into what is now Silverstream Business Park. The tenants, Fonterra, Tracmap NZ and Honey Products NZ, pay a total of about $277,000 a year in rent.
Silverstream Business Park is owned by Christchurch-based Silverstream Industrial Park Ltd, which is owned 100% by George H Investments Ltd, whose directors include Anthony Batterton and Andrew Borland.
The freehold properties are spread over 174 and 180 Dukes Rd, where four properties with land areas ranging between 3033sq m and 4842sq m have asking prices ranging from $300,000 to $1.85 million, while the fifth and largest property of 17,500sq m is bare industrial land, and for sale by negotiation.
Colliers International marketing agent Dean Collins said the properties were for sale either individually or together, providing various investment and development opportunities.
"It’s quite rare to have five properties come up for sale offering development potential as well as a great line-up of existing tenants."
Mr Collins said the sites offered businesses affordable freehold land, which was hard to find in central Dunedin.
