31/05/2026
AUCTION | 25th June, 2pm at Bayleys Hamilton, 1030 Victoria Street, Hamilton. 1 Grasslands Place, Frankton. An investment with a South African flare - Positioned on a high-profile corner freehold site on SH1c, this unique investment opportunity offers a property underpinned by a well-known and highly regarded tenant.
Recent building improvements have been tailored to suit the tenant's business requirements, with additions enhancing the overall functionality and presentation of the property. The versatile layout incorporates retail space, processing and butchery facilities, warehouse storage, office areas and apartment accommodation, creating a substantial and specialised asset with genuine operational depth. Multiple entry and access points further enhance the usability of the site.
Currently returning $107,940pa + GST and outgoings, this is an attractive investment opportunity for purchasers seeking a proven tenant covenant and a property with strong community connection. Opportunities to acquire assets so closely aligned with an established and loyal customer base are increasingly rare, making this a compelling addition to any investment portfolio.
• Long-standing tenant, The Lekker Shop, well known within Hamilton's South African community
• Strong local following and established destination business
• Currently returning $107,940pa + GST and outgoings
• Corner freehold site with multiple access points
• Diverse building with retail, butchery, warehouse, office and apartment with recent refurbishments/additions.
• bayleys.co.nz/5806466
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