A commercial building anchored by The Lawrenson Groups Coyotes, on Hamilton CBD’S Golden Mile is available for purchase offering buyers the opportunity to secure a long leased hospitality investment with a proven tenant.
The Lawrenson Group is one of New Zealand’s leading bar and restaurant organisations currently comprising of establishments located predominantly in Hamilton’s CBD. These businesses range from award winning restaurants and after work drinking venues to Hamilton’s biggest and most popular nightclubs.
Located at 171 Victoria Street, the strata title property has lettable area of approximately 600 sqm. There are also 6 dedicated car parks associated with the premises.
Well known established Coyotes is the tenant at the property and is subject to a new eight year lease with further rights of renewal.
The net annual rental income from the property is $166,500p.a + GST + Outgoings.
The property enjoys a prime position within Hamilton’s retail and hospitality precinct being located directly opposite the brand new Waikato Regional Theatre.
Our client's instructions are clear – sell away.
For further information or to arrange a viewing contact exclusive agents Justin Oliver or David Palmer.
Features:
- Brand new eight-year lease with further rights or renewal
- Established tenant
- Annual rental $166,500 + GST + Outgoings
- Six car parks
- Expect high yield return
- Exclusive Agency
More information: https://www.colliers.co.nz/p-NZL67040163
