Substantial Petone Investment

22, Nevis Street, Petone, Lower Hutt

Tender

Proposed Usage
Industrial
Floor Area
5420.00 m²
Description:
Property ID
1btpzc1

Prominent and substantial, this building is 3 storeys as it fronts Nevis Street with 4 storeys behind. The property is characterized by attractive common areas, ample on site parking and a striking presence due to its corner profile. It is near fully leased with some rent reviews due in the near future, and further upside with two vacant tenancies to fill.

The property produces a net income of $630,927pa + GST and quality tenants including:

- Quotable Value, providers of Rating Valuations nationally
- Fisher & Paykel, New Zealand's premier appliance manufacturer for purpose of a trade showroom
- Early Years childcare, one of the largest childcare operations in the country
- StorageOne, a highly professional Wellington wide storage operator

Conveniently located close to State Highway 2 and adjacent to Petone Transport Hub, the property has unrivalled access to public transport and main arterial routes and is within easy driving distance to both Wellington and Lower Hutt CBD's.

Nearby office neighbours include IBM, NZ Racing Board, Wellington Electricity, Wellington Water, Greater Wellington Regional Council, Homes.co.nz, Tekron, Schneider and Cardno Consulting Engineers.

The property's amenity value is further boosted by its proximity to the Jackson Street historic shopping precinct, a hub for boutique retailer, cafes, bars and restaurants.

Nearby large format retailers include K-Mart, Pak 'n' Save, Countdown, The Warehouse, Warehouse Stationary, Carters, Mitre 10 Mega, Kathmandu, Wellington Barbeques and Fires, Repco, Macpac and Bunnings. Adjoining the recently opened Briscoes/Rebel Sport complex, the property holds pride of place in this high growth location and is your opportunity to secure a quality property which will sit well in any investment portfolio.

To register your interest for this property and instantly receive additional documents including the Leases & subdivision plans, please download the Property Documents at: http://www.propertyfiles.co.nz/property/1951009



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Petone Area