Frankton Property Offers Scale & Flexibility

A substantial, modern industrial asset in one of Hamilton’s most established and tightly held precincts is for sale, with a vendor-underwritten lease to sweeten the deal for investors, or vacant possession for owner-occupiers.

The property at 12–14 Charlies Way was constructed in 2010 to contemporary seismic standards, and combines scale, functionality and versatility across a total floor area of circa-1,488sqm including 1,093sqm of high‑stud warehousing, 154sqm of quality office space and amenities, and a substantial upper level residential or corporate component.

The improvements sit on a 2,039sqm freehold site with a generous secure, gated yard and on-site parking. Suitable for a single tenancy, the industrial facility delivers generic L-shaped warehousing with tilt-slab construction, five-tonne gantry crane, and six roller‑door access points, premium office and reception areas, and automated gates for efficient devanning to the door.

The split-level office layout supports a range of operational and corporate uses, including the ability to establish a showroom at the main entrance. The inclusion of a 260sqm consented auxiliary apartment with separate access and an outdoor terrace provides additional flexibility. While not intended for open-market rental, it is ideally suited as a caretaker’s residence, executive accommodation for a convenient live-work scenario, or conversion into further office space and boardrooms.

The property is offered for sale at $3,995,000 plus GST (if any), representing a compelling 6.31 percent initial yield based on an assessed rental of circa $252,000 per annum plus GST and OPEX.

The vendor, a well-established local transport business, is providing a three-year lease term, effectively underwriting the income, while also offering optional vacant possession for owner-occupiers seeking immediate or staged occupation.

The sale is being handled by Alex and Luke ten Hove of Bayleys Waikato, who urge interested parties to engage and talk through potential avenues.

“The vendor is motivated and keen to stitch together a workable deal for either an investor or an owner-occupier. With medium-sized premises such as this in tight supply, and occupiers scoping sites for future growth, there’s tangible value to be unlocked here,” says Alex ten Hove.

“In a market characterised by rising construction costs, extended delivery timeframes and elevated land values, this established modern facility represents significant value relative to new-build alternatives.

“The property is being offered at a material discount to replacement cost, providing a compelling cost-to-quality advantage supported by strong underlying land value.”

Waikato Regional Council recently endorsed a draft Regional Economic Development Strategy centred on the region’s strongest competitive advantages, underscoring Waikato’s national leadership and number 1 position for freight movements, bioeconomy, and electricity generation alongside major strengths in food manufacturing and urban growth.

Hamilton’s industrial market continues to strengthen, underpinned by the region’s pivotal position within the national economic triangle and the steady southward expansion of major Auckland-based businesses.

Frankton remains a key industrial hub, supported by consistently low vacancy and strong occupier demand. Charlies Way connects directly to Higgins Road and sits immediately adjacent to State Highway 1C, enabling efficient north- and southbound movement and placing the site roughly 10 minutes from the Hamilton CBD.