Light Industrial Units in Hamilton

Earthmover Cr, Burbush, Hamilton - $299,000 - $549,000 (+GST if any)

Simplify your portfolio with these affordable commercial investment properties in Hamilton.


Highlights:

Property Features: Commercial/Industrial

  • Price: $299,000 - $549,000 (+GST if any)
  • Estate Type: Stratum in Freehold
  • Floor Area: 78m2 - 136m2

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About the Property

These brand new, off the plan commercial units are located in the Te Rapa Gateway, a rapidly expanding industrial area of Hamilton.

With a range of unit sizes for sale from 78m2 to 136m2, and priced from $299,000 to $549,000 (plus GST if any), these units are a superb opportunity for both owner occupiers and investors to purchase at affordable levels. Given their size they are well suited for storage, trade use or simply a toy shed for the classic car, boat or caravan.

The yield is strong for a new build in Hamilton at 5-5.5% NETT. Commercial property differs from residential where standard terms are such that pays the operating costs, namely the rates and body corporate (or insurance).

As a comparison, were you to receive extra rent to pay those costs yourself (rent on a gross yield basis) we would be looking at a gross yield 0.5% - 0.75% higher than the above figures and the same again for property management.

There are not many units similar in design to this in Hamilton and those that were developed rarely come up for lease, however there have recently been similar developments in Tauranga and these have sold and leased well.

These properties are smaller and the leasing marketing process would begin approximately 3 months from completion. The properties are also being bought by business owner-occupiers so we do not anticipate a lot of competition for occupier tenants. It is a small development too.

Benefits for investors:

  • New build and modern construction, popular with tenants and minimal maintenance
  • Strong NET yield
  • Developing area in Hamilton near existing and incoming infrastructure
  • Nearby major commercial tenants
  • Tenant pays operating expenses
  • Typical lease is for longer than residential

The demand for new, quality spaces in Hamilton’s main industrial precincts has never been higher. Research conducted by CBRE New Zealand in partnership with NAI Harcourts, confirms overall industrial vacancy has decreased to 1.2% in Hamilton in the 12 months to December 2018, representing a 3,770 sqm decrease of vacant space, the lowest vacancy rate on record.

A full information pack will be made available for potential purchasers.

Amenities

The location of these units in the Te Rapa Gateway will be a large drawcard for tenants as they will be located alongside the Waikato Expressway and The Base, the region's biggest shopping centre.

Nearby is still-developing regional infrastructure, including the Ruakura inland port which is under development and the Waikato Expressway which will be completed in the next couple of years.

Ben Meehan
Licensed Salesperson - REAA 2008

ben@ifindproperty.co.nz
022 616 5068

Contact us about this property

Agent Contact Details

Ben Meehan
Licensed Salesperson - REAA 2008

ben@ifindproperty.co.nz
022 616 5068

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