Income - backed by essential industrial services
• 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.
• 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.
Key features
Land area breakdown
Substantial 20,159sqm (more or less) freehold industrial landholding across two titles
Occupancy
The property is fully leased to Perry Metal Protection and Waikato Sand Blasting returning $878,000pa + GST (net)
Lease
Lease security - 15-year initial lease commencing April 2025, with further rights of renewal
