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Rare Split-Risk Investment

5 Dick Street, Cambridge

Office Building
dollar

Deadline Sale

Floor area
138m2
Land area
348m2
Title type
Freehold
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Deadline sale

Thursday
4:00pm
01
Oct

Map

Property details

Listing # 5807215 | Listed on 7 September
  • 138sqm (approx.) building on 348sqm (more or less) of land
  • Dual-tenanted investment returning $43,300 plus GST and OPEX per annum
  • Low maintenance property with on-site parking
  • Prime location just two minutes from central Cambridge

Seldom offered for sale, this quality asset presents investors with a compelling opportunity to strengthen their portfolios. In a key location just two minutes from central Cambridge, the modern, dual-tenanted property provides income diversification across two tenants thus reducing leasing risk.

One tenancy is occupied by Shaw & Partners, a major Australian financial services company, returning $24,000 plus GST and OPEX per annum, while the second is leased to a Waikato-based marketing company, returning $19,300 plus GST and OPEX per annum.

Low maintenance construction, tidy grounds and on-site parking further enhance the property's appeal, as does the favourable location in a town recognised for its diverse and resilient economy. An appealing growth centre, Cambridge lies within the heart of Waikato’s Golden Triangle, providing great connectivity to major transport routes, freight networks and nearby ports.

Contact Willem Brown for further information or to arrange a viewing.

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