4-8 Colombo Street, Frankton
Hamilton City

ID#456610
Listed about 1 month ago

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Property Details

Location:
Hamilton City
Waikato

Building
Land
Built In
1983 m²
(21337 sq.ft.)
2,722 m²
(0.67 Acres, 0.27 Ha)

Immediate income, long term upside

- Four (4) year lease to established engineering firm

Industrial investment returning $150,000pa plus GST net
Future upside with A & D grade seismic ratings
Significant land holding of 2,722sqm (more or less)
In the heart of Frankton industry, this well-located property will appeal to investors seeking immediate returns, plus the benefit of future upside due to the nature and layout of the property. This tenanted industrial investment, spanning across a significant 2,722sqm (more or less) of land returns $150,000pa plus GST net and enjoys a new four (4) year lease with rights of renewal.
The tenant is an established multi-faceted engineering firm with a solid 40 year business history and a first-rate reputation. The central Frankton site offers the bonus of easy access to the CBD and State Highway 1.

Being both easy to manage and rewarding, this property rounds out to an enticing investment opportunity.

Going to auction on the 15th August 2019 at 12pm at 96 Ulster Street, Hamilton.

Auction Details

Location: Bayleys Auction Rooms
Time: Thursday 15th August - 12:00PM

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Sales Consultants

Rebecca Bruce



Licensed Real Estate Salesperson (REAA 2008)
Member of the REINZ
Phone: +64 21 063 5165
Mobile: +64 7 834 6744
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Jason Tregurtha
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+64 27 232 1950
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