Commercial
More from realestate.co.nz:
Agents News

Long-Term Lease to Recognised Business

361 Ulster Street, Beerescourt

Office Building
dollar

Asking Price $1,225,000 Plus GST (if any)

Floor area
160m2
Land area
1098m2
Title type
Freehold
On this page:

Map

Property details

Listing # 5806473 | Listed on 15 May
  • New 6-year lease to Quinovic Property Management
  • Returning $60,000pa +GST and outgoings
  • High-profile position on main CBD arterial route
  • High density residential zoning with existing office consent
  • Future development or repositioning potential
  • Good on-site car parking

Positioned prominently on one of Hamilton’s main arterial routes, 361 Ulster Street presents an affordable investment opportunity with potential future upside. The property is leased to Quinovic Property Management on a brand new 6-year lease, reflecting the tenant’s long-term commitment to the site and confidence in the location.

Well known within the residential property management sector, Quinovic enjoys the functionality and exposure the property provides, with convenient on-site car parking and excellent profile to passing traffic entering and exiting the CBD. The property is configured for office use under existing consent, while the underlying high density residential zoning adds an additional layer of flexibility and future potential.

Returning $60,000pa +GST and outgoings, this is an attractive opportunity for investors seeking a well-located asset with secure income and longer-term development or repositioning possibilities. Properties combining holding income, strong tenant commitment and future flexibility remain tightly held in the current market.

Your notes
Add notes for your personal reference. This can only be seen by you.
Contact the agent
Name  (required)
Email  (required)
Phone  (required)
I'd like to enquire about:
Your message

By continuing, you agree to our terms of use and privacy statement.