Blue Chip Tenant - Net Lease

88, Victoria Street, Lower Hutt, Lower Hutt

By Negotiation

Proposed Usage
Development Site
Floor Area
776.00 m²
Description:
Property ID
1bswcp5

CBRE New Zealand is proud to present 88 Victoria Street, Petone, Hutt City for sale. The property comprises a two-storey building on a prominent corner site which has been occupied by the same tenant for 28 years.

The property is located in Petone, Lower Hutt; one of Wellington's largest suburbs situated at the southern end of the Hutt Valley. The location of 88 Victoria Street is a 16 minute drive to Wellington's Central Business District (CBD).

The property has a net lettable area (NLA) of 714.35sqm with 14 on-site car parks which can be accessed off both Victoria and Regent Streets.

The building has a seismic rating of 68% NBS (New Building Standard) as at December 2012. The main tenant, WISNZL (Wesfarmers Industrial and Safety New Zealand Limited) are the largest supplier of industrial, engineering and safety products in New Zealand and, as such, are a Blue Chip tenant.

CBRE strongly recommends your early consideration of this outstanding investment opportunity and encourages motivated purchasers to get in touch without delay.

Sale by Deadline Private Treaty closing Wednesday 29 March 2017 at 4pm (unless sold prior).

Property Highlights:
*NLA 714.35sqm (approximately)
*Sought after location
*776sqm freehold land
*Net income $86,856pa plus GST
*Convenient access to SH2 and CBD
*High profile investment property
*Tenant in occupation for 28 years
*Strong underlying land value
*Seismic rating 68% NBS
*14 on-site car parks

Enquire about this property

Lower Hutt Area