Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Knives Out For Former Meatworks


Media Release
10 .12.2012

Knives Out For Former Meatworks

The former AFFCO meat killing and processing plant at Taumarunui in the Central North Island has been placed on the market for sale – at less than five per cent of what it was once worth.

The 10,000 square metre plant – sitting on 5.5 hectares of land – was once valued at $18million during its peak production period in the 1980s and 1990s. The plant was made redundant in 2009 and has largely remained idle ever since.

The huge site adjacent to State Highway 4 is now being marketed for sale by Bayleys Hamilton at an auction being held on December 13. Jim McKinlay of Bayleys Hamilton said the vendor’s price expectations was upwards of $450,000.

The property, located on industrial-zoned land, last sold in 2010 but the owner subsequently chose not pursue development options for the plant. Administration offices once associated with the meatworks were sold off separately.

“The plant was constructed around 1981. When the operation was mothballed, the processing lines were largely stripped out by AFFCO. The facility was sold with an encumbrance prohibiting its use for processing or freezing sheep, beef, and goat products” Mr McKinlay said.

“However that encumbrance expires in 2019 and in the meantime does not cover the processing of other meat products such as poultry, dairy production, agricultural goods. Discharge consents have remained in place.”

Within the plant the two largest rooms are each 1000 sq metres with 6m stud and are immediately adjacent to excellent train and rail docks Approximately 400 metres of railway sidings adjacent to the main trunk line is still in place, and capable of reinstatement.

“The existing infrastructure of the plant is robust, and could be re-commissioned into an industrial or manufacturing operation with immediate access to both road and rail links for product transportation both in and out. Use as a logging depot and or milling plant is also a possibility given the scale of forestry plantings in the area” Mr McKinlay said.


Click for big version.

The former AFFCO meatworks at Taumarunui - gutted and now for sale.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Scoop Business: NZ Broadcasters Launch Battle Against Global Mode ISPs

New Zealand broadcasters have confirmed they’ve launched legal proceedings against internet service providers who give customers’ access to “global mode”, which allows customers access to offshore online content, claiming it breaches the local content providers’ copyright. More>>

ALSO:

Sanford: Closure Of Christchurch Mussel Processing Plant Confirmed

The decision comes after a period of consultation with the 232 staff employed at the Riccarton site, who were told on 9 April that Sanford was considering the future of mussel processing in Christchurch. Recent weather patterns had impacted on natural spat (offspring) supply... More>>

ALSO:

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news