18B Haig Street, Frankton, Hamilton

A pumping tenanted investment

• Tenanted industrial investment returning $19,500 +GST net per annum
• Opportunity for future rental growth
• Leased to an established heat pump supply and installation company
• 178sqm (approx.) floor area with high-stud warehouse, office, and off-street parking
• Located in tightly held central Hamilton industrial area of Frankton

A versatile Central Hamilton industrial unit housing a heat pump sales and installation business is on the market for sale through Bayleys Hamilton salespeople Rebecca Bruce and Jordan Metcalfe.

The property at 18B Haig Street in the industrial hub of Frankton consists of 178sqm (approx.) of high-stud ground floor warehousing accessible through a full height roller door, office space and off-street car parking. The premises also allows access to a rear yard/storage space through a small roller door at the back of the warehouse.

The property is tenanted with the current lease term running through to 2023 with a further three-year right of renewal. Currently returning $19,500 +GST net per annum, the property provides a solid return and has the opportunity for future rental growth.

The Haig Street premises is ideally sized for the needs of its tenant as a small-scale industrial and storage related business reliant on easy road access to all of Hamilton from this handy and sought-after location - known as the 'trade-supply' hub of the city. Premises of this size in Frankton are tightly held by both investors and owner/operators.

For a site viewing of 18B Haig Street, contact Rebecca Bruce or Jordan Metcalfe at Bayleys Hamilton. Rebecca Bruce - 021 063 5165. Jordan Metcalfe - 021 0847 8920.