Rare opportunity to buy a Freehold Fee Simple commercial investment property on Hamiltons most dynamic retail strip. The Hamilton East retail strip is positioned perfectly on a busy suburban arterial route, located in between Waikato Hospital, Hamiltons CBD, University of Waikato, therefore surrounded by residential housing including young professionals, students and families.
The property comprises a 589sqm freehold site, with an approx 600sqm building that was recently refurbished to 67% of NBS. The Waikato Regional Council are the single tenant in this building, with a lease in place until November 2018, when a right of renewal is due for a further 2 years. Onsite parking, and current rent of $139,000pa net from an ‘A’ grade tenant completes this prime investment offering. This offering should appeal to passive investors, and those with a mind to future conversion back to retail tenancies to maximise rental income.
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Ref #: 59506
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