7 Maxwell Place, Te Rapa, Hamilton

Te Rapa self-storage - first time on the market

•Modern self-storage facility located in central Te Rapa
•Annual return of circa $93,342.55 plus GST net - based on full occupancy,
•Easily manageable mid-size complex of 26 units
•Proven history of high occupancy rates with low turnover
•Secure premises with easy-to-use systems

Located in the heart of Hamilton's premier industrial precinct of Te Rapa, Boats 'N' All storage is a mid-sized storage facility which is an absolute must see for investors of all types. Rarely do offerings of self-storage complex's come to market, let alone in such a location.

Featuring 26 units in total, this modern complex has been designed to cater to a range of storage requirements, including boats and vehicles with the units being 3m wide and having high roller doors. The complex also enjoys electronic gate entry for security and ease of tenant access and is made up of 24 units of 27sqm (approx.) and two units of 36sqm (approx.) in size.

On the market for the first time in its history, Boats 'N' All storage has an annual income of circa $93,342.55 plus GST net (with potential for growth), based on full occupancy, and a proven track record of extremely high occupancy rates. With little tenant turnover and modern construction/systems, the management input required is minimal, making this a predominately passive investment.

With property of this type and location being extremely rare in the market, inspections of this quality investment are highly recommended.

To be sold by Auction 12pm, 8th July 2021 at 96 Ulster Street, Hamilton (unless sold prior).