A large commercial property on a high-profile corner location in Cambridge is being offered to the market for sale and gives buyers the opportunity to acquire a site of significant scale in a tightly held area.
Sitting at 26 Lake Road, the vacant property is held in multiple titles with a mixture of freehold and leasehold land. The total site spans 6,851sq m.
The existing structure at the facility measures 2,616sq m and was built in 2010. It consists of a large warehouse that is steel portal framed with an offset apex. The roof and front wall cladding are lightweight with full height pre-cast concrete panels to the other walls.
The property, which enjoys expansive road frontage along Lake and Queen Streets, is surrounded by a collection of well-known brands, including Briscoes, Woolworths, and McDonald’s.
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There are 60 car parks at the facility providing considerable convenience for future customers, staff, and suppliers.
Alan Pracy, Director at Colliers Hamilton, has been exclusively appointed to market the property for sale via deadline private treaty closing at 3pm on Wednesday 29 October, unless sold prior.
Cambridge, the largest town in the Waipā District, is 24km south-east of Hamilton. With a population of approximately 22,400 people, it is the third-largest urban area in Waikato after Hamilton and Taupō.
The improvements to the Waikato Expressway have made Cambridge even more accessible to Hamilton and links to the motorway are only five minutes from the subject property.
Pracy says finding a property of this size and scale in Cambridge is incredibly scarce given commercial assets in the area are rarely traded and the fact it can be acquired with vacant possession is another selling point.
“There are notably low vacancy rates in commercial buildings across Cambridge so having the chance to acquire space in such a prominent location with excellent visibility will be highly appealing for buyers,” Pracy says.
“The modern building at the property could be utilised for a range of different purposes and the vast yard space and parking spots provide further opportunities.”
Cambridge has benefitted from infrastructure investment in recent years, which has driven further commercial activity.
Data from Infometrics highlights economic growth in Cambridge averaged 5 per cent per annum over the 10 years to 2024 compared with an average of 3 per cent per annum in New Zealand. Cambridge also experienced an average of 4 per cent per annum growth for business units in the 10 years to 2024, compared with an average of 2 per cent in New Zealand.
“With a diverse and resilient economy that is underpinned by dairy farming, equestrian services, and agritech, Cambridge is a town on the rise. It continues to attract people to the area and this will strengthen the demand for further commercial activity to meet the needs of the population,” Pracy says.
- Supplied by Colliers
