8 Simsey Place, Te Rapa, Hamilton

A cool investment - national tenant

•Tenanted investment - national tenant Service Foods
•New 5-year term returning $110,000 +GST net per annum
•Built in rental growth with annual CPI increases
•1,086sqm (more or less) freehold title
•Modern building designed for food processing
•Prime Te Rapa location

Positioned within the Waikato's premier industrial precinct, 8 Simsey Place, Te Rapa is a must-see investment opportunity for all astute buyers.

Tenanted by one of New Zealand's largest food distribution businesses Service Foods, the property has a new 5-year lease in place returning $110,000 +GST net per annum. There's also the upside of built in rental growth.

This functional high stud Industrial building of 455sqm (approx.) including a mixture of office and amenity over two levels, cool storage/food processing space, as well as ample yard and parking. The Tenant has made a substantial investment within this building making it ideal for a food grade business.

Enjoying a freehold title, property of this type is scarcely available, so don't delay requesting a full information pack and a arranging an inspection.

To be sold by Auction (unless sold prior) 11am, 25th July 2024 at 96 Ulster Street, Hamilton.