Offlined
•National brand tenant as anchor with development upside
•Within close proximity to the University, with high-density vehicle and pedestrian traffic
•Two buildings on one title, large strategic land holding
A lucrative acquisition, this investment makes good business sense. Revenue pours in from a national brand tenant on a long lease and with excellent rental growth built in.
Built in 2015, and occupied by a Four Square branded supermarket, the modern concrete tilt slab premises sits on half of the large 2,565sqm (more or less) block in a vibrant Hamilton East location with high-density vehicle and pedestrian traffic. Shopping centres, national brand retailers, restaurants, recreational facilities, urban amenities, and transport networks feature in the neighbourhood.
Buyers could either choose to lease out the older but well-constructed garage/workshop building, and the associated large yard area and parking as is or take advantage of the location and zoning to develop a number of smaller shops to really maximise the income. The zoning also has the potential to allow residential development above the shops, promising owners increased revenue streams and a further bite of the cherry.
Investors looking for security and capital growth will seize this opportunity.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.11 km | 3 | 1 | 100m2 | Year 2024 Month 04 Day 23 | - | Council approved | |
0.11 km | 3 | 1 | 82m2 | Year 2024 Month 03 Day 05 | $482,000 | Council approved | ||
 | 0.25 km | 2 | 1 | 84m2 | Year 2024 Month 02 Day 12 | $585,000 | Council approved | |
0.11 km | 2 | 1 | 65m2 | Year 2023 Month 11 Day 28 | $460,000 | Council approved | ||
 | 0.25 km | 3 | 2 | 140m2 | Year 2023 Month 11 Day 23 | $660,000 | Council approved |