Located at 94e Duke Street, Frankton, Hamilton, this industrial service property is a prime example of a well-maintained unit within a secure gated complex close to SH1C. The property boasts approximately 320m2 of total floor area, predominantly high stud workshop space, complemented by three on-site car parks included in the title. Constructed in 2008, the building features mixed materials for walls in good condition and an iron roof also in good condition, reflecting its robust industrial nature.
Financially, the property has shown significant growth with a capital value increase of approximately 55.74% from $610,000 in September 2018 to $950,000 in September 2021. The current HouGarden AVM estimates the property's value at $912,500. This property has an existing lease in place with a renewal option in October 2025, offering a rental upside below the current market rate. It is set to be sold by auction at 11:30 am on the 3rd of April 2024.
Education-wise, the property falls within the zone for Hamilton's Fraser High School, a secondary institution catering to years 9-15 with a decile rating of 4. This location offers a blend of industrial utility and educational accessibility, making it a desirable investment or operational site.
Updated on April 04, 2024.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.20 km | 3 | 1 | 100m2 | Year 2024 Month 11 Day 28 | $627,500 | Council approved | |
 | 0.13 km | 2 | 1 | -m2 | Year 2024 Month 11 Day 20 | $565,000 | Council approved | |
 | 0.39 km | 3 | 1 | 79m2 | Year 2024 Month 09 Day 18 | $485,000 | Council approved | |
 | 0.19 km | 3 | 2 | -m2 | Year 2024 Month 08 Day 07 | $795,000 | Council approved | |
 | 0.35 km | 6 | 3 | 224m2 | Year 2024 Month 08 Day 06 | $1,032,000 | Council approved |