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ID#428676
Pukete
Hamilton City
POA
0
0
1,578m²
(16,985.43 sq.ft.)
1,879m²
(20,225.37 sq.ft.)
proudly marketed by
Karl Van Gisbergen
Harcourts NAI
A Te Rapa Investment Gem
* Gymnasium and office building of 1578sqm (approx) on 1,879sqm of land
* Five-year old building with national cornerstone tenant
* Anchor tenant Flex Fitness with more than 30 outlets nationwide with significant Tenant investment
* 44 carparks onsite, including underground
* Located in the only commercial zoned hub of the highly sought after Te Rapa area neighbouring national corporates and just 500m from The Base shopping precinct
* 3 Tenancies currently returning $209,031.00 per annum net
Located in Church Road, close to Maui Street and Te Rapa Roads, Te Rapa. The immediate area is made up of a range of office, bulk retail, residential and industrial properties. Near the large industrial growth areas of Te Rapa north, as well as the residential developments of the north and north-east. Close to the southern entrance to Maui Street. Maui Street runs parallel with Te Rapa Road, meaning getting to and from main arterials is easy.
First time offered for sale as the Vendor partnership wish to divest individually and as such this modern gymnasium and office complex offers plenty for investors. The owner will guarantee the smaller office lease to line up with the rest of the property to give potential investors more surety. The location is ideal for the neighbouring office, bulk retail, industrial and residential properties. And with The Base Shopping Centre close-by, this property ticks many boxes. There is an opportunity here.
Agent
Karl Van Gisbergen
Harcourts NAI
Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ
Karl joined NAI Harcourts as director of Industrial Sales and Leasing.
Having operated a highly successful business in Hamilton for 25 years prior to first joining Bayleys then as a director of C.B.R.E, Karl has spent the last 11 years as a Commercial and Industrial agent and has collected a number of awards for his performance during his real estate career to date.
Karl has also been involved in a large number of proportionate ownership projects such as; Merc Sharp and Dohme, Lincoln Road, Meridian 1 and 2, Infinity House, James Smith Car Park, 246 Queen St, Caltex House and Eagle Tech to name but a few. He has a strong interest and appreciation for this form of property investment and is always keen to share this with his clients and interested parties.
Karl apportions a large part of his success to the unique team culture that exists with his colleagues and fellow directors. He believes service and integrity are the qualities required to be successful in this exciting industry.
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