• Fully tenanted investment returning $878,000pa + GST (net)
• 15-year lease term with 10-year ROR
• For investors, family offices and syndicators seeking resilient industrial income
Opportunities combining scale, security and strategic tenant commitment are increasingly difficult to find. 14 & 14A Manchester Street delivers all three. The property is fully leased to Perry Metal Protection and Waikato Sand Blasting, businesses owned by NZX-listed Steel & Tube Holdings and providing essential galvanising and surface protection services to customers throughout the North Island.
With only the first year of an initial 15-year lease term completed and further 10-year right of renewal extending the potential occupancy horizon to 25 years, the investment offers exceptional income rarely available in today's market. Currently returning $878,000pa this opportunity presents as a corner stone investment to a portfolio.
Located within Hamilton's sought-after Te Rapa industrial precinct, the asset comprises approximately 4,978sqm of buildings across a substantial two-hectare freehold landholding. The scale of the site, specialised improvements and strategic location support the property's long-term relevance within the region's industrial economy. Opportunities of this scale and lease tenure are seldom available.
Interested parties are invited to contact the sole agents for further information, a copy of the Information Memorandum, or to arrange a private viewing of the property.
