A versatile office building in the heart of Hamilton offers a unique opportunity for businesses and investors to unlock its full potential, Bayleys salespeople say.
The vacant premises on 928sq m (more or less) of freehold land at 533 Anglesea Street is zoned Central City Precinct 2 – City Living, which reflects the property’s prime location at the centre of Hamilton’s commercial area.
Bayleys salespeople Rebecca Bruce and Jordan Metcalfe, in conjunction with Eves Realty’s Darren Anderson, are marketing the property for sale by tender, closing at 4:00 pm on Thursday, 22nd August 2024 (unless sold prior).
They say the property, which features a floorplate of 813sq m (more or less) over two levels, offers flexible solutions for businesses seeking to establish a footprint in Hamilton’s thriving commercial sector.
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“Current market trends show a move to versatile office spaces that allow businesses to adapt to changing operational requirements.
"The subject property is ideally positioned to meet that demand, offering both potential for owner-occupancy and sub-leasing, which makes it a strategic investment in a high-growth area,” Bruce says.
"The building’s configuration includes a mix of open-plan and partitioned office space and separate meeting rooms and offices, providing a range of business functions.
"This flexibility allows potential purchasers to customise the space to suit their specific requirements.”
In addition to the versatile layout, the property includes 13 on-site car parks at the front and rear of the site, enhancing its appeal and convenience for both staff and customers.
Bayleys salesperson Jordan Metcalfe says versatility is a standout feature of the property. This allows businesses to tailor the space to their needs, whether they require the entire building or just part of it.
“The possibility to occupy one floor while leasing out the other provides an opportunity to generate immediate rental income, thereby offsetting operational costs and enhancing the return on investment.
“This flexibility, combined with the property’s prime location and onsite parking, makes it a desirable investment proposition, which would also benefit from strategic ‘make-good’ refurbishments to enhance the appeal to prospective tenants,” he says.
Hamilton’s commercial property market has remained resilient throughout recent economic turbulence, with demand driven by a limited supply of quality office spaces.
As businesses increasingly seek to establish a presence in the strategic Golden Triangle location, properties like this are attracting greater demand.
Eves salesperson Darren Anderson says the continuing move towards flexible working environments and hybrid office models has seen businesses reassess their bricks-and-mortar requirements, underscoring the value of adaptable spaces.
“In today’s market, properties that offer flexibility and the potential to add value are in persistent demand. This office ticks all the boxes, providing a rare opportunity for businesses to secure a prime location with the potential for future growth and development.
“The property also benefits from excellent connectivity and accessibility. The site is well-positioned to serve the needs of businesses and their clients, with easy access to major transport routes, a range of local amenities, and high exposure to passing vehicles.
“Given the limited opportunities for businesses to own and occupy their own buildings in and around Central Hamilton, this is a chance that should not be missed. We expect strong interest from buyers, including owner-occupiers seeking new headquarters and investors eager to capitalise on growth potential.”
- Supplied by Bayleys
