Immediate income, long term upside
4-8, Colombo Street, Frankton, Hamilton
- Proposed Usage
- Floor Area
- 1983.00 m²
- Land Area
- 2722.00 m²
- Auction Date
- 12:00 - Aug 15, 2019
- Property ID
- Four (4) year lease to established engineering firm
- Industrial investment returning $150,000pa plus GST net
- Future upside with A & D grade seismic ratings
- Significant land holding of 2,722sqm (more or less)
In the heart of Frankton industry, this well-located property will appeal to investors seeking immediate returns, plus the benefit of future upside due to the nature and layout of the property. This tenanted industrial investment, spanning across a significant 2,722sqm (more or less) of land returns $150,000pa plus GST net and enjoys a new four (4) year lease with rights of renewal.
The tenant is an established multi-faceted engineering firm with a solid 40 year business history and a first-rate reputation. The central Frankton site offers the bonus of easy access to the CBD and State Highway 1.
Being both easy to manage and rewarding, this property rounds out to an enticing investment opportunity.
Going to auction on the 15th August 2019 at 12pm at 96 Ulster Street, Hamilton.