A versatile building in the established industrial suburb of Frankton in Hamilton is being offered to the market for sale.
Located at 24 Grasslands Place, the office and warehouse facility sits on a 1,010sq m freehold title and the site offers excellent heavy vehicle access, while being only a few minutes from the city’s major arterial routes.
There is holding income in place until March 2027, or potentially available sooner by negotiation if vacant possession is preferred by the purchaser.
Sitting only 10 minutes from Hamilton CBD, the property is located within an established Frankton hub. Auckland and Tauranga, which complete New Zealand’s economic ‘Golden Triangle’, are both approximately 90 minutes away.
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Colliers Hamilton Brokers Jason Kelsey and Blair Hutcheson have been exclusively appointed to market the property for sale via deadline private treaty closing at 3pm on Wednesday 4 November, unless sold prior.
Kelsey, Commercial Sales and Leasing Broker at Colliers Hamilton, says the property has warehouse or workshop facilities that are complemented by meeting rooms and office space.
“Multiple roller doors provide convenient access to the workshop, while the fully fenced yard offers additional secure space for vehicles, equipment, or storage,” Kelsey says.
“With the potential to acquire the building with vacant possession in Q1 2027, the incoming purchaser could benefit from the holding income in the interim.
“The new owner has the opportunity to position this asset for a range of trade, automotive, service, and industrial businesses given the existing functionality of the property’s layout.”
Data from Infometrics points to a positive growth story in Hamilton that is underpinned by consistent population expansion across the past decade.
The city is projected to have a larger population than Wellington by 2040, and population growth in Hamilton has averaged 1.8 per cent per annum over the five years to 2025, compared with a national figure of 1 per cent.
GDP for Hamilton was also up 1.1 per cent in the year to March 2026, outpacing the New Zealand figure of 0.8 per cent and business unit growth in Hamilton is also higher than national number, showcasing further positive signs for the region.
Hutcheson, Associate Director at Colliers Hamilton, says Frankton is a thriving hub with a high concentration of established commercial and industrial businesses.
“The area is known for its affordable occupancy rates, with tenants and occupiers seeking space in this popular location due to its accessibility to key transport infrastructure,” Hutcheson says.
“This is a purchasing opportunity that will hold considerable appeal for owner-occupiers and investors.”
- Supplied by Colliers
