For Sale by Negotiation
Positioned on a prominent corner site in Hamilton's entertainment precinct, 7 Alexandra Street presents a rare opportunity to secure a freehold commercial investment with immediate income and genuine upside.
The property comprises approximately 645m² of building area on a 673m² freehold site across two titles.
Currently returning $86,924 p.a. + GST + OPEX (approximately, allowing for unrecovered outgoings), from two long established tenants, purchasers also benefit from a substantial vacant tenancy of approximately 307m² providing an excellent owner occupier opportunity or the ability to significantly increase rental income.
Located immediately adjacent to the Union Square development and surrounded by ongoing CBD investment, this property offers multiple future options.
Features:
Freehold corner site
Approximately 645m² building
Approximately 673m² land
Two Freehold Titles
Two long established tenants
Passing income of $86,924 p.a. + GST + OPEX (approximately, allowing for unrecovered outgoings)
Vacant 307m² tenancy
Owner occupier or investment opportunity
Future rental upside
Potential Fully Leased Income of approximately $157,500 + GST + Outgoings
