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NZ Commercial Property Brokers Ltd, (Licensed: REAA 2008)
Luke Verschaffelt

11 Garden Place, Level 3

Asking price $1,100,000 + GST (if any)

Listing Description

Listed: Wed, 16 Apr

Invest or Occupy – With Income Already in Place

11 Garden Place, Level 3, Hamilton City Central, Hamilton, Waikato

Asking price $1,100,000 + GST (if any)

Details

  •   550m² Floor
AttributeValue
Property use
Office
Property ID#
JDS778
Agency reference
CPB1771LV

Description

Here’s a standout opportunity to secure commercial property in the heart of Hamilton’s growing CBD. Whether you’re an investor keen to add value or a business owner looking for your own space – with bonus income – this one’s worth a closer look.

Roughly 70% of the floor is leased to a long-term tenant, providing solid holding income, while the remaining space gives you the flexibility to occupy or lease out for additional return.

Property Highlights: Sweeping views over Garden Place and the southern end of the city Approx. 139m² of vacant office space ready to use or lease Positioned right in the city centre – surrounded by retail, hospitality and key services Neighbours include Hamilton City Council, Centre Place and SkyCity Casino Integrated air conditioning throughout Basement carparks + storage area Current income: $69,390.26 + GST per annum Will show a 6.3% net return on the asking price and a much higher return once fully leased Strong seismic rating Motivated vendor – priced well below replacement cost

Opportunities like this – with location, income, and upside – don’t come around often.

Give Luke a call today for more info or to arrange a private viewing.


Property Files

Luke Verschaffelt

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NZ Commercial Property Brokers Ltd, (Licensed: REAA 2008)

Luke Verschaffelt


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Agent's details

Luke Verschaffelt

Luke Verschaffelt

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NZ Commercial Property Brokers Ltd, (Licensed: REAA 2008)

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