A+ Grade Investment with National Tenant
140, Riverlea Road, Hillcrest, Hamilton
- Proposed Usage
- Development Site
- Floor Area
- 3626.00 m²
- Property ID
Asking price plus GST (if any).
Tender closes 4pm, Friday 7th July 2017 at Bayleys, 96 Ulster Street, Hamilton (unless sold prior)
- Leased to LIC (Livestock Improvement Corporation)
- Returning $497,500pa + GST and OPEX
- New 10 Year Lease with Five Further Rights of Renewal of Five Years
- 10,079sqm Freehold Land (more or less)
- 3,626sqm of Modern Buildings
This site contains two superb modern low maintenance facilities with excellent access and parking situated in close proximity to SH1 and the new Expressway in the Waikatos Dairy heartland.
The stunning state of the art purpose built 1536sqm herd testing building was constructed in 2015 and comprises the latest state of the art facilities and laboratories. The 2090sqm Diagnostic building houses state of the art laboratories with genetic testing equipment.
The tenant, LIC, was established in 1909, is a farmer owned cooperative with over 800 staff and has total assets of over $323 million with revenues in excess of $200 million.
This property represents an outstanding opportunity to take a stake in part of New Zealands heartland primary sector.