Hot Petone Location

10, Te Puni Street, Petone, Lower Hutt

Auction

Proposed Usage
Retail
Description:
Property ID
1btdfh6

This is an investment property to get excited about. It is located right in the heart of Wellington region's primary bulk retail precinct. It is right next the new Briscoes and Rebel Sport stores, with Bunnings, K-Mart, Pak n Save and The Warehouse all in same close area. This growing area is taking off and there is plenty of upside in the future.

The building is a mix of high stud warehouse, office and showroom with a total floor area of 1,503sqm 22 car parks and 70% of NBS. It is fully leased to three tenants currently returning $142,285pa plus GST with significant rental growth in the near future. All tenants have medium term leases so there is opportunity on the horizon for speculators, core-plus investors and owner-occupiers.

Contact Matt or Fraser to for an information memorandum or to arrange an inspection.
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Petone Area