Electrical store site in busy Frankton

The property at 54 Greenwood St is occupied by Contact Electrical. Photo / Supplied

The land and buildings housing a Waikato electrical services company's office headquarters has been placed on the market.

The property at 54 Greenwood St, in the industrial Hamilton suburb of Frankton, comprises a 230sq m warehouse depot and offices on 485sq m of freehold Industrial zoned land facing onto one of Hamilton's busiest streets.

The premises is tenanted by electrical services firm Contact Electrical, which is willing to sign a new one-year lease on settlement of any new ownership of the premises, along with a further one-year right of renewal. The new lease will be for $32,400 plus GST per annum.

The property is being marketed for sale at auction at 11am on September 13 through Bayleys Hamilton and features in the agency's latest Total Property portfolio magazine.

Bayleys Hamilton salespeople Alex tenHove and Mike Swanson say that about 24,900 vehicles travel Greenwood St on an average weekday. The route forms part of State Highway 1 as the main arterial road linking Hamilton's northern and southern suburbs.

"That high traffic volume along Greenwood St has seen a gamut of multi-national convenience food outlets establish a presence in this 'strip' including Subway, McDonalds, Carls Jnr, Wendys, Burger King, KFC, Pita Pit and Burger Fuel," tenHove says.

"Commercial neighbours in the immediate vicinity of 54 Greenwood St include several car yards, and a raft of companies trading in the automotive repairs and maintenance sector."

The building houses a warehouse, plus open-plan offices and other facilities. Photo / Supplied

Swanson says the siting of the commercial office building structure in the middle portion of the landholding allows for parking on either side. Internally, the property contains two open-plan workrooms or offices, along with a staff lunchroom and bathroom amenities.

"There are multiple options for the site. It can of course be maintained in its current configuration as an office headquarters location sustaining the call centre for a trades-based enterprise," Swanson says.

"Alternatively, the roller door access on one side of the building, allows for the straightforward conversion of some of the office layout into a light trades depot capable of storing a limited inventory of trade-based stock.

"Or a completely new structure could be built to capitalise on the high-profile exposure to Greenwood St."

Hamilton City Council's industrial zoning for Greenwood St ensures land in the precinct continues to be occupied by premises whose tenancies are of an industrial nature.