NEW SIX YEAR 'TRIPLE-NET' LEASE TO FONTERRA

80, London Street, Hamilton

By Negotiation

Proposed Usage
Office
Floor Area
5296.00 m²
Land Area
7227.00 m²
Description:
Property ID
1bthjzv

CBRE is please to present to the market an investment opportunity of the highest quality.

80 London Street and 9-11 Harwood Street offers a rare opportunity to secure a fully leased investment occupied by Fonterra, in the heart of the Hamilton CBD.

Investment highlights include:
+ 100% occupied by Fonterra
+ Full 'triple-net' lease
+ New six year lease with two further three year rights of renewal over both sites from settlement
+ 80 London Street NLA of 7,227sqm
+ A-grade seismic rating (DEE)
+ 9-11 Harwood Street site area of 1,112sqm providing 48 carparks
+ Fixed annual rental growth at 2.5%

The property is being offered for sale by Deadline Private Treaty, closing on 29 June 2017 at 4pm (unless sold prior).

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Hamilton Area