Brand New Industrial Facility On 20 Year Lease to International Tenant

122 Ingram Road, Hamilton

Industrial / Office / Warehouse For Sale

Expressions Of Interest - Tuesday, 9 Jul 2019    Tenanted Investment
Land Area: 85,105.00 m2.    Floor Area: 36,320.00 m2.    

Description

122 Ingram Road is a brand new large scale industrial facility of circa 36,000m² situated on a large 8.1505 hectare parcel of land. The facility is a manufacturing and distribution centre for the occupier Visy Board (Hamilton) Limited.

Located in Hamilton, New Zealand's largest inland city and at the centre of one of the richest agricultural and pastoral areas in the world. The property is positioned to the south of Hamilton City and neighbours Hamilton Airport.

Returning $3,500,000 net per annum + GST, this state of the art industrial facility is leased to Visy on a brand new long term lease with fixed growth.

Features

  • Brand new state of the art industrial facility
  • International tenant
  • Annual rental of $3.5m net pa + GST
  • Triple net lease structure
  • Fixed annual rental increases of 2.5%
  • Parent company guarantee

Occupants

Occupant Term Net Annual Income
Visy Board (Hamilton) Limited 20 years $3,500,000 net pa + GST

Sale Areas

Area Size
Office & Amenities 684m²
Warehouse 32,062.60m²
Canopy 3,222.50m²
Awnings 351m²
Yard 5,000m²

Map

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