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Listed 4 months ago

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ID#471432

250 Ulster Street,

Hamilton City

Hamilton
Tender
0
0

5,622sqm CBD fringe with so much potential

In a sought-after CBD fringe location on one of Hamilton's major arterial routes, this prime property couldn't be in a better spot. Occupying a very large land area, the site alone is ideal for development. Of great advantage is its corner positioning with multiple access points and close proximity to Frankton, Te Rapa, the CBD and a short walk to Waikato Stadium. Comprehensive residential developments surround the property, which lends itself to multiple development options. A shortage of land in this locale, along with a strong economy, low interest rates and a positive development market, augur well for its future. The multi-faceted motor inn business currently generates $348,000 annual income, with opportunities to increase profitability through modernisation. An excellent investment with a lease in place. The complex comprises a good mix of accommodation options, a commercial kitchen, a cafe, a fully licensed restaurant and bar, a swimming pool, various conference rooms and facilities. Opportunities exist to hold and operate/lease as a hotel or develop all or part of this superbly sited property.

Land Area: 5,622sqm (more or less)

Buildings: 34 units plus the main building and dwelling

Zoning: Commercial, Accommodation, CBD, average (CA)

Tenant: Aaron Court Motor Inn Limited

Term: 30 years

Net Rental: $348,000p.a. plus a 4% maintenance fund

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Agent

David Cashmore

Success Realty Ltd MREINZ

Licensed Real Estate Salesperson (REA 2008), Member of the REINZ

'A Passionate Achiever'

Since joining the residential division of Bayleys Waikato in 2006, David has achieved outstanding results marketing and selling premium Hamilton homes.

Consistently the #1 or 2 residential real estate agent at Bayleys Waikato, David is passionate about exceeding his client’s property objectives.

The success of this results oriented partnership has seen him achieve:

2007 Most Promising New Salesperson (NZ wide) Bayleys Real Estate Awards

2007 Excellence for Outstanding Achievement Residential Sales REINZ Awards

2008 High Achiever (NZ Wide) Bayleys Real Estate

2009 Excellence for Outstanding Achievement Residential Sales REINZ Awards

2010 Excellence for Outstanding Achievement Bayleys NZ Top 10%

2011 Excellence for Outstanding Achievement Bayleys NZ Top 10%

Passionate about the Waikato

Hamilton born and bred, David loves the pace of life and lifestyle Hamilton and the Waikato region has to offer. Passionate about cars as a young boy, David qualified as an automotive engineer. This led to a successful co-ownership in Hamilton based, motor vehicle retail and importing business, Cashmore Motors.

Passionate about Sport

In 1990 seeking a new challenge, David re-trained and established a career in the sports industry as a professional tennis coach, building a thriving business comprising coaching staff, a retail sports store and a sports management division. In addition to this from 2000 -2002 David also developed, promoted and managed three US$25,000 ATP Tour Tennis tournaments in Hamilton.

In 2001, David was awarded New Zealand Tennis Coach of the year.

Following on from these achievements, David then secured the French based Babolat sports brand for the New Zealand marketplace and started up Hamilton based Advantage Sports – a nationwide sporting goods distribution company.

Passionate about Real Estate

In 2006, David decided to realize another life goal. When an opportunity arose to fulfill his lifelong passion for real estate he signed on for a new challenge and joined Bayleys Waikato. This determination to excel coupled with a preparedness to work hard on behalf of his clients, has seen David forge an outstanding real estate career in just three years.

Passionate about exceeding expectations

With a proven entrepreneurial flair, valuable people skills and a demonstrable gift for sales and marketing, David is driven to get the best out of each and every opportunity. His extensive network of local contacts, relationship building philosophy and considerable experience in retail sales and marketing means his approach is centered on servicing his clients interests with care and integrity.

“If you are thinking of selling, call David first. He would love the opportunity to exceed your expectations.”

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This property was photographed by

Paula Smith

Waikato

CAA Part 102 Certified
ID#471432

250 Ulster Street,

Hamilton City

Hamilton
Tender
proudly marketed by
David Cashmore
Success Realty Ltd MREINZ
David
021 943 305
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