New 10-year lease extension to Spotlight
Key features:
• Prime 7,643sqm (more or less) freehold corner site on sought-after Te Rapa Road
• Fully leased to six established tenancies returning $814,489pa net + GST
• Anchored by Spotlight on a recently renewed 10-year lease
• High-profile large-format retail investment with excellent exposure and ample onsite parking
369 Te Rapa Road presents a rare opportunity to acquire a substantial, fully leased large-format retail investment in one of Hamilton's most established commercial precincts. Occupying a prominent 7,643sqm (more or less) freehold corner site at the intersection of Te Rapa Road and Garnett Avenue, the property offers outstanding profile, accessibility, and long-term investment appeal.
Anchored by Spotlight on a recently renewed 10-year lease, the property comprises six tenancies generating a combined net income of $814,489pa + GST, with Spotlight contributing approximately 70% of the total rental. Extensive onsite customer parking, generous circulation areas, and multiple vehicle access points further enhance the functionality and appeal of this well-established neighbourhood centre.
Positioned within Hamilton's premier large-format retail precinct, the property combines secure income, diversified cashflow, and a substantial freehold landholding on one of the city's busiest arterial routes.
Contact the agents below for more information or to arrange a viewing.
Sunil Bhana
021 398 660
sunil.bhana@bayleys.co.nz
Mike Houlker
021 945 927
mike.houlker@bayleys.co.nz
Darren Anderson
021 933 570
darren.anderson@bayleys.co.nz
• Prime 7,643sqm (more or less) freehold corner site on sought-after Te Rapa Road
• Fully leased to six established tenancies returning $814,489pa net + GST
• Anchored by Spotlight on a recently renewed 10-year lease
• High-profile large-format retail investment with excellent exposure and ample onsite parking
369 Te Rapa Road presents a rare opportunity to acquire a substantial, fully leased large-format retail investment in one of Hamilton's most established commercial precincts. Occupying a prominent 7,643sqm (more or less) freehold corner site at the intersection of Te Rapa Road and Garnett Avenue, the property offers outstanding profile, accessibility, and long-term investment appeal.
Anchored by Spotlight on a recently renewed 10-year lease, the property comprises six tenancies generating a combined net income of $814,489pa + GST, with Spotlight contributing approximately 70% of the total rental. Extensive onsite customer parking, generous circulation areas, and multiple vehicle access points further enhance the functionality and appeal of this well-established neighbourhood centre.
Positioned within Hamilton's premier large-format retail precinct, the property combines secure income, diversified cashflow, and a substantial freehold landholding on one of the city's busiest arterial routes.
Contact the agents below for more information or to arrange a viewing.
Sunil Bhana
021 398 660
sunil.bhana@bayleys.co.nz
Mike Houlker
021 945 927
mike.houlker@bayleys.co.nz
Darren Anderson
021 933 570
darren.anderson@bayleys.co.nz
Key features
Lease
Fully leased to six established tenancies returning $814,489pa net + GST
Accessibility
Excellent exposure and ample onsite parking
Land area breakdown
Prime 7,643sqm (more or less) freehold corner site
