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Cambridge

Unit 4/34B Lake Street, Cambridge, Waipa

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576sqmĀ Floor area

Auction

(unless sold prior)

National tenants, Cambridge locale


ā€¢New leases to national tenants Westpac New Zealand and Vodafone New Zealand
ā€¢Returning approximately $170,000 plus GST net per annum
ā€¢ 576sqm (approx) total floor area
ā€¢Favourable lease terms with built-in rental growth
ā€¢Located within the regional hot-spot of Cambridge
ā€¢100% seismic rating

Passive investors looking for an A-grade property in regional New Zealand can confidently look at this opportunity within the Lakewood precinct of Cambridge.

The near-new commercial unit at 100% NBS is divided into two tenancies that are to be occupied by Westpac New Zealand and Vodafone New Zealand. Returning an approximate total of $170,000 plus GST net per annum, both tenants are on favourable lease terms with built-in rental growth.

Occupying 486sqm (approx.) for their new regional business hub, the Westpac space will include a full suite of modern banking facilities including a 24-hour cash service lobby, interactive digital drop-in area for customers wanting to use a device to do their banking, a concierge space, as well as staff offices, boardroom and amenities. Vodafone New Zealand will occupy the remaining 90sqm (approx.) with a bright, interactive, new-look retail store - the latest in its New Zealand network of retail outlets.

Located just a few minutes, walk of the Cambridge town centre, the mixed-use Lakewood precinct is made up of retail, hospitality, office space, a hotel, extensive parking capacity and a sold-out residential component. Cambridge itself is expected to be home to 28,000 people by 2050 - 10,000 more than its current population.

Auction
(unless sold prior)

96 Ulster Street, Hamilton

26

May

Time11am
Calander
Calendar
Jordan Metcalfe

Jordan Metcalfe


Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Willem Brown

Willem Brown


Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Rebecca Bruce

Rebecca Bruce


Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Located in the heart


of the Lakewood development complex

New leases


to national tenants

Surrounded by an


ideal mix of residential, offices, boutique hotel accommodation and more