96 Naylor Street, Hamilton East, Hamilton

Hamilton East investment oozing future potential

• Converted character bungalow with resource consent for office use, truely rare in the suburbs
• Consider the future potential in this one, continue as commercial or covert to residential?
• Two tenants currently returning $36,054.78pa plus GST net with excellent on site parking
• Be charmed by this one, situated in popular Hamilton East

It's all about location and potential for 96 Naylor Street in Hamilton East, but the big question is what will this property ultimately be used for - making money or making a family?

Commercial property investors will enjoy the split tenancy profile, delivering up annual rental of $36,054.78 plus GST net - with a counselling services tenant occupying the 112 square metre main dwelling, and an IT consultancy occupying the 36 square metre modernised and consented professional space within the converted garage.

Meanwhile, commercial property owner-occupiers will most likely be eying up the opportunity to potentially move into purpose-built premises conveniently located on the fringe of Hamilton's central business district in a prime residential suburb in future years. The address also comes with six designated off-street car parking spaces on a sealed yard, with additional street parking immediately outside the front gate.

And to keep things interesting, residential land-bankers will undoubtedly be keeping an eye on snapping up a refurbished dwelling with an adjacent potential sleep-out, man cave games room, or ready-made professional work-from-home suite? That equates to 150 square metres (approx.) of home potential sitting on 675 square metres of flat land close to the heart of town, university and hospital.

The property will be offered for sale plus GST (if any), going to auction at 12pm on 8th July 2021 (unless sold prior) at Bayleys, 96 Ulster Street, Hamilton.

We invite you to join us at the set viewing times of 9am Friday and 3pm Sunday.

Contact the team today to request further information.