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High-return cash flow asset

240 Tristram Street, Hamilton Central

Office Building
dollar

$1,200,000 Plus GST (if any)

Floor area
990m2
Land area
1905m2
Title type
Leasehold
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Property details

Listing # 5805696 | Listed on 23 April

· Attractive high-yield investment

· Versatile layout suitable for multiple tenants or professional services

· Desirable location, surrounded by established commercial and professional businesses

This centrally located, standalone iconic office building ticks plenty of boxes. It offers excellent car parking both onsite and on-street. The tenants enjoy sunny offices with natural light on all sides.

The estimated net rental is approximately $173,420 per annum + GST and outgoings, net of the ground rental, supported by a twenty-one-year land lease.

Our retiring vendors, now turning eighty, have decided the time is right to pass this asset on to the next owner. They advise that the property has consistently achieved strong, above-market returns.

The property is for sale at $1,200,000 plus GST (if any) showing a return in excess of 14% return.

Contact Darren Anderson on 021 933 570 for your appointment to view.

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