66 Norris Avenue, Te Rapa, Hamilton

Te Rapa industrial opportunity

•2,710sqm (more or less) of warehouse and office
•5,604sqm (more or less) of land
•Current lease expiring 1 December 2024
•Returning $288,038 + GST per annum plus OPEX

Large Te Rapa industrial holding with multiple options to add value. Situated on 5,604sqm (more or less) of land in two parcels with approximately 1,500sqm (more or less) of vacant yard.

Ample parking and multiple access points with drive round rear access provides the opportunity to sub divide and lease out separately or build on the vacant 1,500sqm (more or less) piece of land.

The opportunity exists to purchase this rarely available large-scale industrial property at close to 7% based on the vendors asking price.

Please do not hesitate to get in contact with the vendor's sole agents should you require any further information or to arrange a viewing.