Colliers is pleased to present 101 Garnett Avenue, Te Rapa, Hamilton for sale by Deadline Private Treaty.
Positioned within Hamilton's premier industrial and commercial precinct, this substantial 1.62ha (more or less) freehold corner site offers a rare opportunity to acquire a purpose-built corporate campus with significant future repositioning, redevelopment and owner-occupier potential. The property comprises approximately 4,897sqm of accommodation arranged around a central landscaped courtyard and is currently leased to a Government Agency, providing holding income until lease expiry on 31 October 2027.
The improvements feature expansive open-plan workspaces, meeting and training facilities, roller door, cafeteria amenities and varying stud heights ranging from approximately 4m to 7m, providing flexibility for a wide range of future occupier requirements. Supported by 202 onsite car parks and a seismic assessment of 93.3% NBS, the property is exceptionally well positioned for future occupation, multi-tenancy or redevelopment.
Located in the heart of Te Rapa, the property benefits from excellent connectivity to The Base, Te Rapa Road, Avalon Drive, SH1 and the Waikato Expressway, placing it within one of the Waikato's most sought-after industrial locations.
For further information or to arrange an inspection, contact the sole agents at Colliers.
For sale via Deadline Private Treaty closing 3pm 19th November, unless sold prior.
Alan Pracy - 021 623 089
Matthew Morris - 021 246 1620
Features:
* Freehold 1.62ha (more or less) corner site
* 4,897sqm purpose-built corporate campus
* Holding income of circa $925,000 + GST p.a
* Leased to Government agency
* Lease expiry 31 October 2027 with tenant intending to vacate
* 202 onsite car parks
* Approximate stud heights ranging from 4m to 7m
* 93.3% NBS seismic rating (2011 IEP G A Hughes & Associates)
* Industrial zoning
* Significant owner-occupier, multi-tenancy and redevelopment potential
