Frankton properties offer room for commercial expansion

Lathan Court offices and workshop. Photo / Supplied

One industrial-zoned property and another zoned commercial in the Frankton area in Hamilton will be auctioned by Bayleys Waikato on March 25.

Blair Hutcheson of Bayleys Hamilton office is marketing 4 Latham Court which is handy to State Highway 1. Formerly the premises of Watson Davies Transport, the 155sq m offices and 314sq m high-stud workshop and amenities sit on 4084sq m of industrially zoned land - making it stand out in the Waikato industrial landscape.

"There is not a lot of property about with that ratio of yard to buildings which allows plenty of room for expansion," says Hutcheson.

"The property would be ideal for an existing transport company wanting plenty of truck parking or a business requiring depot and yard space. Why start from scratch when there are adequate buildings in place in a proven location, plus the scope to expand?"

The property has five separate air-conditioned offices, reception area, records storage room, lunch room and men's and women's toilet facilities. A separate high-stud workshop - also accessible via the office - has rear roller doors, three-phase power, three toilets, a shower, plus mezzanine storage and smoko room.

The fully fenced and secure yard has a large wash-down with an oil separator and the area has potential for drive-around truck access and includes an external compressor shed and a yard office.

"This property backs on to a council paper road and the last occupier leased around 3000sq m of that land from the council which has indicated that this arrangement could be reinstated. Adding this into the equation means that a large operator has more than 7000sq m of space to work with," says Hutcheson.

At the northern end of Lake Rd, Frankton, in the commercial district, the former Lake Rd Medical Centre is for sale after relocation of the practice to larger premises in Te Rapa. Set back from the road and purpose-built in 1992 as a medical offices and consulting rooms, it has excellent entry and exit access and 14 on-site car parks.

Mike Swanson of Bayleys Waikato says the departure of the long-running medical practice has left a glaring gap in the area with no medical centre in Frankton.

"With 250sq m of office and consulting rooms there would be space for up to five practitioners. When the practice first started, there was a dentist on the premises and there has been a small on-site pharmacy occupying around 50sq m to one side," says Swanson.

"The air-conditioned building appears to be in good shape with only superficial evidence of normal wear and tear. It would not take too much effort to set up a new medical practice and with plentiful on-site parking and the fundamentals in place, a group of GPs or specialists have the opportunity to acquire a good foothold in the area.

"As the property is smack in the middle of the commercial and retail heart of Frankton it also lends itself to other uses such as an office suite or retail showroom.

"Alternatively, given that the adjacent land is earmarked for development, this could be a possible land-banking opportunity."