848-850 Victoria Street, Hamilton

David Baker Commercial Property

A family group has been successful in acquiring this property at the North end of Victoria Street, Hamilton. This is the fourth purchase for this family that Focus on Property has assisted in identifying and then creating the add value strategy to support their investment goals.

The Property is fully leased to Housing NZ, Advanced Training Centres (MOE Funded), Platform Plus (subsidiary of the Waikato Community Trust) and Hamilton Tenant Solutions Ltd.

The property is in three titles with two separate buildings. The tenancy fitouts are currently in a tired condition however, overtime the owners will re-invest to substantially upgrade this building to a modern and desirable place to be.

Building size: 2014m2

Carparks: 58

Purchase Price : $4.3M

Yield on Purchase: 8.7%