Frankton warehouse stand-out in Hamilton tradie destination
The warehouse premises of one of New Zealand’s biggest maintenance, electrical and mechanical engineering companies has gone up for sale in a Hamilton industrial stronghold.
The property on Ellis St, Frankton, sits in one of Hamilton’s most sought-after industrial pockets and a destination for trade supplies.
Its clear-span warehouse and refurbished offices are fully leased to RCR Infrastructure (NZ) Ltd, generating an annual rental return of $71,400 plus GST and outgoings.
RCR occupies its Frankton premises on a lease that runs through to 2024 with a further four-year right of renewal.
128 Ellis St is being marketed by Jordan Metcalfe and Rebecca Bruce of Bayleys Hamilton.
It will go under the hammer on Thursday 3 November, unless sold prior.
Metcalfe said the property consisted of an approximately 623sq m building on a half-share of 1493sq m of Industrial-zoned land.
“The building features a highstud, clear-span warehouse, plus recently refurbished offices, and amenities. It sits on a site that provides plenty of onsite parking and space for manoeuvring vehicles.
“The Frankton location places it in the heart of a well-established central Hamilton suburb which is seeing significant occupier demand.”
Industrial zoning of this and surrounding sites under Hamilton’s district plan is designed to retain the area’s status as a stronghold of industrial activity.
“Considered the city’s trade supply hub, this precinct is home to the likes of plumbing, bathroom, roofing and paint providers, together with those in automotive, engineering and waste management,” said Metcalfe.
Bruce said the location was supported by significant local amenities, with numerous hospitality outlets around Greenwood St and Hamilton Lake also close by.
“Just minutes from Hamilton’s central business district, the site for sale is handy to main arterial routes such as Killarney Rd and State Highway 1C. This ensures ease of access across Hamilton and the wider Golden Triangle between Hamilton, Auckland and Tauranga.
“In short, this is one of the most sought-after industrial pockets in Hamilton. With industrial tenanted assets being increasingly difficult to secure, investor interest in the Ellis St property is likely to extend well beyond Hamilton,” Bruce said.