Listing #:1651632518

Large Freehold Land with 'Crown Agency' Tenant

Location: 101 Garnett Avenue, Te Rapa, Hamilton, Waikato
Property use: Industrial
Floor area: 4,897m2
Land area: 16174m2
Price: Price by negotiatio­n
Investment highlights of this property include;

- Strong cashflow of $853,300 (approx.) net pa + GST from a Crown Agency
- 1.6 hectare freehold corner site with well-presented 4,897sqm office building and 215 car parks
- Popular and strategic Te Rapa precinct just north of the Hamilton CBD
- Resource consent granted July 2014 for additional 4,451sqm building
- Potential for healthy yield with significant future redevelopment upside

This large freehold property offers a unique land bank and / or add value investment opportunity with a potential strong yield from a crown agency tenant. Located just off Te Rapa Road on a corner site, this property presents various future add value opportunities. Surrounding uses include leisure, tourism, retirement, retail, live/work and industrial, offering a range of potential use options. Explore the angles and upside with this trophy Te Rapa property.

Agency reference #: 1685611
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Price by negotiation
101 Garnett Avenue, Te Rapa, Hamilton, Waikato
Price by negotiation
Listed: Fri 1 Jun, 9:45 am
Scott Kirk
Bayleys Real Estate Ltd MREINZ, Licensed Agent (REAA 2008)
  • Contact details
  •  (09) 3757495
  •  (021) 499661

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Agent's details

Scott Kirk
  •  (09) 3757495
  •  (021) 499661
Mike Swanson
  •  (07) 8343829
  •  (027) 2493791
Bayleys Real Estate Ltd MREINZ, Licensed Agent (REAA 2008)
(0800) 2295397
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