Can You Make The Negatives Into Easy Money?

SOLD - This listing was sold in February 2020
From the outside looking in the list of negatives is easy to write down; rusty roof, needs paint, weather tightness issues, potential asbestos, but can you see the wood for the trees? This building offers large floor areas over three levels available at well below replacement cost. Sited in the triangle of Frankton, CBD & Te Rapa, the centre of the City, this location has great accessibility to SH1 North and South and main arterial routes. Fix the issues, add some cosmetic touch ups to improve the looks which in turn should increase the return on investment. With a seismic report stating the building is 50% of the National Building Standards; it goes to show this old girl has great bones. Priced in is additional land, a value add opportunity to keep or sell off, there is a legacy to be built in this property.

Land Area
Unit 2: 2,218sqm (more or less)
Unit 3: 1,299sqm (more or less) vacant land

Floor Area
1,990sqm (approximately)

This central Frankton industrial building, sold with vacant possession, is a developers dream. The large floor area along with the additional undeveloped land allows for multiple uses, could suit engineering, warehousing, manufacturing business or self storage, as some initial ideas to consider. The benefit to any buyer here is the potential to take this setting, close to the CBD and create an industrial centre. The potential for any new owner is limitless.

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Main Property Features

Listing Number: HCM24736

Property Type:
Warehouse, Industrial
Approx Floor Area
  • Warehouse Square Metres: 1990
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Harcourts Hamilton Commercial

Monarch Commercial Limited

Licensed REAA 2008

Cnr Victoria & London Streets
Office website or View office details

Property Location