287-289 Kahikatea Drive, Frankton, Hamilton

Strategic Industrial Investment

• Industrial tenanted investment, currently returning $159,310 p.a. (plus GST and outgoings)
• Eight-year lease term from September 2021 with ROR and built-in rental growth
• Substantial freehold land area of 3,377sqm on two freehold titles with excellent road frontage
• Strategic and sought-after industrial precinct of Hamilton and within the "Golden Triangle" of NZ

On behalf of the vendor, Bayleys offer this tenanted industrial investment opportunity for sale by Deadline Private Treaty, closing at 4pm Wednesday 13th September 2023 (unless sold prior).

Leased to a well-established tenant who offers a solid background and track record in sales and servicing within the infrastructure and transport sectors, this exciting property offers strong lease terms and tenant covenants with built-in rental growth and a rent review due September 2023.

The location of this property provides close proximity to a range of amenities and transport systems in this strong provincial region, including the nearby State Highway 1 Western bypass and various commercial and residential precincts of Hamilton, and surrounded by a number of high-profile business entities.

The property offers substantial multi-use improvements in keeping with the tenant's business operation, with a favourable IEP report available upon request.

A rare investment opportunity in this well-established Hamilton industrial precinct, with a solid tenant, large land area and a rent review due in September 2023, will ensure the appeal to a wide range of astute purchasers.

All viewings of the offering are strictly by appointment with sole-appointed agents;

Alex ten Hove 027 592 4817

Mike Adams 021 977 527

Luke ten Hove 021 791 626