Freehold Corner - Add Value Potential

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 608m² 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 608m² 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

More information: https://www.colliers.co.nz/p-NZL67041723