15 Bandon Street, Frankton, Hamilton

Tenanted investment - do not miss this opportunity

• Tenanted freehold investment returning $28,000 + GST net per annum
• 279sqm (approx.) floor area with workshop, warehousing, office and amenities
• Secure yard and parking on 1,012sqm (more or less) of land
• Located in tightly held central Hamilton industrial area of Frankton
• Ideal Industrial investment, land bank or future development site

15 Bandon Street, Frankton sits on 1,012sqm (more or less) of freehold land and consists of 263sqm (approx.) of workshop/warehousing space with roller door access, 16sqm (approx.) of first floor office space and parking to the front. The property also contains a large secure yard to the rear which is accessible via a gated driveway to the side of the property.
The property is tenanted by Evolution Trailers & Engineering Limited who have over 20 years of experience in the industry. The current lease term runs through to Jan 2023 with further ROR's. Currently returning $28,000 + GST net per annum, the property provides strong cash flow and has the opportunity for future rental growth making this an ideal Industrial investment, land bank or future development site.
Centrally located, Frankton is one of Hamilton's two key industrial areas. The area is considered the trade supply hub of Hamilton with many plumbing, electrical and kitchen suppliers located in the area. Positioned to the North, West of Hamilton's CBD, the property enjoys proximity to main arterial routes which provides ease of access to the wider golden triangle. Its central location makes it easily accessible from the CBD itself and several residential suburbs. Neighbouring businesses are predominantly automotive industry, trade supply activities, distribution and the manufacturing sector.