3/42 John Spencer Way, Rukuhia, Hamilton

The ultimate industrial investment

• Brand new, high spec building of 1,135sqm (approx.)
• Passive investment returning $264,000pa plus GST and Outgoings
• Tenanted by established civil construction company Splice Construction
• New 6-year lease with built in rental growth
• Freehold 5,954sqm (more or less) of high-profile land fronting Airport Road - SH 21

The land and purpose-built premises tenanted by one of the Waikato's biggest civil engineering and infrastructure servicing companies is on the market for sale to investors.

The brand-new, freehold industrial premises for sale immediately adjacent to Hamilton Airport is occupied by Splice Construction - a company renown around the province for its extensive network of road maintenance, underground pipe laying, earth moving, and substantial building site preparation works.

Built by Foster Construction, the property comprises two levels of high-spec office space and substantial clear span workshop area with multiple drive through access points. This is all surrounded by a sealed staff parking and vehicle fleet storage yard encircled by security fencing.

Currently leased on a new 6-year term, 3/42 John Spencer Way generates an annual net rental of $264,000 plus GST.

Entry into John Spencer Way is off Airport Road - providing efficient access routes to the Waikato's motorway network from an industrial area called Titanium Park. The location is some 15 minutes - drive from Hamilton's central business district, with the townships of Cambridge and Te Awamutu in close proximity.

As one of the foremost buildings in the street, and with a prominent roading frontage, 3/42 John Spencer Way is for sale by auction (unless sold prior) being held at Bayleys Hamilton, 96 Ulster Street, Hamilton.