Positioned within one of Hamilton's most established and tightly held industrial precincts, this well-presented investment offers an outstanding opportunity to secure a quality industrial asset underpinned by a long-standing national tenant. Returning a current net rental of $160,000 per annum plus GST and outgoings, the property provides investors with secure income from a highly regarded occupier.
Comprising approximately 1,060m² of total floor area, the property occupies a strategic position in the heart of Frankton, benefitting from excellent connectivity to Hamilton's CBD, State Highway 1, State Highway 3 and the Waikato Expressway.
The property is leased to Tile Warehouse, New Zealand's largest specialist tile supplier. With more than 35 years of experience and a nationwide network of showrooms, Tile Warehouse has built a strong reputation for supplying premium tiling products to the residential and commercial construction sectors. Its established market position, broad customer base and long-standing industry presence provide investors with confidence in the strength of the tenancy.
Investment opportunities within Frankton remain tightly held and highly sought after, making 12 Keddell Street a compelling offering for investors seeking secure income, quality fundamentals and long-term location appeal.
Features:
- Established Frankton industrial location with excellent connectivity
- Total floor area of approximately 1,060m²
- Current net rental of $160,000 p.a. + GST + Outgoings
- Leased to established national tenant, Tile Warehouse
- 1,199m² freehold corner site
- Versatile buildings
- Six (6) year lease term
More information: https://www.colliers.co.nz/p-NZL67041623
