271 Clyde Street, Hamilton East, Hamilton

Supermarket and garage priced to sell

•Price reduced by $150,000. Now priced at $2,700,000 + GST
•National brand tenant as anchor with development upside
•Two buildings on one title, large strategic land holding

Anchored by a national brand tenant on a long lease with excellent rental growth built in.
Built in 2015 and occupied by a Four-Square branded supermarket, the modern concrete tilt-slab premises sits on half of the large 2,565 sqm (more or less) block in a vibrant Hamilton East location with high-density vehicle and pedestrian traffic. Shopping centers, national brand retailers, restaurants, recreational facilities, urban amenities, and transport networks feature in the neighborhood.

With the current owners vacating the long-established business and heading for retirement, potential buyers could either choose to lease out the garage/workshop building and the associated large yard area for an assessed rental of $48,000 + GST and OPEX which when combined with the supermarket income will bring the total return to over $155,000 plus GST and OPEX.

Alternatively prospective buyers can take advantage of the huge development upside on offer here due to the properties unique location, retail zoning and land size to develop a higher-value retail offering.