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Bayleys Hamilton, (Licensed: REAA 2008)

388-390 Wairere Drive, Te Rapa

Asking price: $4,650,000 + GST (if any)

Listing Description

Listed: Fri, 20 Oct

Opportunity that cannot be missed!

388-390 Wairere Drive, Te Rapa, Hamilton, Waikato

Asking price $4,650,000 + GST (if any)

Details

  •   1647m² Floor
  •   3538m² Land
AttributeValue
Property use
Industrial
Agency reference
2315025

Description

  • Occupy, invest, or add-value/develop the underutilised site
  • Massive profile to Wairere Drive
  • Currently returning $279,137pa plus GST net with potential upside
  • Freehold, land area of 3,538sqm (more or less)
  • Mixture of modern office and industrial style buildings
  • Huge quantity of onsite car parks
  • Easy access to main arterial routes and the Waikato Expressway

Positioned opposite The Base shopping centre in Te Rapa, this property offers all the fundamentals for success, including massive profile to busy Wairere Drive, potential for future expansion/development, excellent on site car parking and good access to main arterial routes and the expressway.

Featuring 3,538sqm (more or less) of industrial zoned land, the property features two high-stud, tilt-slab buildings plus an office building built by Jennian Homes. The site also enjoys a huge number of onsite car parks ensuring a high level of usability.

Currently leased to well-known Waikato tenants Website Angels and Simply Funerals, plus potential to occupy part of the property, there’s opportunity here for both owner occupiers and those looking for a solid investment with upside. Developing the site further to maximise the unique location is also a possibility worthwhile looking into.

After years of happy ownership, our vendor has other plans, creating an opportunity for someone new to experience the benefits of this incredible location.


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Agent's details

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Bayleys Hamilton, (Licensed: REAA 2008)

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