Diversified investment in the heart of Cambridge
33, Duke Street, Cambridge, Waipa
- Proposed Usage
- Floor Area
- 510.00 m²
- Land Area
- 329.00 m²
- Auction Date
- 12:00 - May 16, 2019
- Property ID
• Seldom available investment in sought-after Cambridge
• Multiple tenants returning $79,400pa + GST and outgoings
• Centrally located featuring an optometrist, dentist and beauty therapy
In the heart of down-town Cambridge, the growth engine of Waipa District, this solid commercial building presents a top-drawer investment. It delivers the strengths of mixed tenant occupancy, a C grade seismic rating and CBD location. Its wide street frontage is visually dynamic in a busy street with excellent foot and vehicle traffic. Established, stable tenants synergise superbly and create a strong image for the prominent property in the bustling, economically buoyant town.
These high quality tenants ensure diversified income and split risk investment. Economic growth in Waipa, particularly Cambridge, is outpacing the rest of the Waikato and the country. GDP growth for the year ending March 2018 was 4.2%, compared to 3% for the rest of the Waikato region, and 2.7% for the rest of New Zealand. Cambridge's population growth has increased demand in construction and commercial services, which, in turn, incentivises investment. Given the current shortage of investment opportunities across the market, and the possibility of maximising the returns, the sale of this building couldn't come at a better time.