Freehold Te Rapa landmark

593, Te Rapa Road, Te Rapa, Hamilton

Auction

Proposed Usage
Industrial
Description:
Property ID
1c76kxg

Truly a Te Rapa landmark located in a prominent position on Te Rapa straight. This outstanding Italian styled building extensively refurbished in 2006 is an easily recognisable destination with three anchor national brand tenants on long leases offering ultimate security. The large freehold unit title land holding ensures ample parking for both tenants and visitors, with access off both the busy Te Rapa Straight and through to Sheffield street.
With a combined rent roll of $308,000 plus the opportunity to increase when a small unleased area of approximately 120sqm office space is let. With a professional management service as part of the offering this highly sought after location offers the ultimate in split risk investment both in terms of yield and income.
Located in the heart of the golden triangle this property offers an attractive yield and capital growth when compared to Auckland and Tauranga, this property is truly worthy of consideration, and would make a great addition to any portfolio.

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Te Rapa Area