Large Frankton landholding with income

16a, Wickham Street, Frankton, Hamilton

Tender

Proposed Usage
Development Site
Land Area
41774.00 m²
Description:
Property ID
1c3pmnx

This four hectare site is located off Wickham Street and has been developed for industrial use (subject to consent). The land has been largely preloaded metaled and fenced and offers a large land area suitable for various storage, transport or logistics operations.
There are currently some 16 tenants providing an income approximately $243,000 with approximately 20,000sqm still available to be developed or for an owner occupier or further tenants. This adjacent area has been designated for the Southern Links roading project with further commercial land development projected to spread further west.
This is a unique opportunity to landbank or develop as industrial land values soar. Industrial land is highly in demand in this area with limited supply, making this a rare offering not to be missed.
The adjoining property is also offered for sale allowing the opportunity to expand the land holding to over 8 hectares if the two sites are combined. .

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Frankton Area