Located in the Southern part of Victoria Street, opposite the Museum, this property would suit an owner/operator or investor alike.
Three modern, executive style, two-bedroom apartments of approx. 96sqm each, sit above approx. 460sqm of ground level Commercial Space. The apartments have enjoyed almost continuous tenancy since being built some 15 years ago. The current ground floor tenant is an Education/Training business (planning to vacate their tenancy by xmas 2019) but this tenancy would suit a number of uses including, restaurant (was previously fitted out for restaurant use), retail shop or office and any use compliant with the Hamilton City Council, Central City Zone.
Four onsite carparks front the Victoria Street Commercial Unit with one further park and loading Zone, located in the secure rear yard, accessed off a Right of Way from Hood Street. The three apartment car parks are also in the rear yard area.
Current Net Annual income is approx. $115,000.
To be sold at Auction (unless sold prior) on September 11th at 11.00 am in the Eves Realty Auction room, 1030 Victoria Street. All enquiries to the Vendor's Sole Agent, Nick Taylor 021 399 810.
LIM, Earthquake report and further details on application.
