Tender closed Thursday (December 11th) at 2pm! Invest in a high-performing property that delivers strong financial returns while also supporting wellbeing and providing meaningful housing solutions for the community. Constructed in 2018 and consented by the Hamilton City Council as a 'sleeping house', 8 Mckay Drive was created with a clear vision: to strengthen Hamilton’s housing supply through a kaupapa centred on manaakitanga, community connection, and occupant wellbeing. Since opening in 2021, it has been professionally managed and has consistently achieved a 95% occupancy rate, demonstrating strong and sustained demand. The configuration includes 12 self-contained rooms, each with its own ensuite, kitchenette furnished with kettle, microwave, mini fridge, and wall-mounted TV. Units 2 - 12 are designated for sole occupancy under the council consent, complemented by a two-room manager’s unit. Residents also benefit from a well set up kitchen with spacious food preparation and cooking spaces, and a large communal lounge and dining area, supported by laundry facilities and onsite parking. The tenancies are under Boarding House agreements and are currently set at $300 per week per room; with the current average rent per room at $297. The property’s modern construction, purpose built setup, and proven operational history make it ideal for investors, housing providers, or organizations seeking an income-generating asset with purpose. With its combination of socially minded foundation and strong financial potential, this is a property that delivers both impact and opportunity. Don’t miss the chance to secure this high-demand, fully operational asset just a short drive from Dinsdale and with easy access to central Hamilton — Tender closes on 11 December and will not be sold prior to allow time for interested parties to complete their due diligence. A unique investment like this is a standout prospect for serious buyers, viewing by appointment only - contact Anna Smart for viewing times.
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