Sound Investment

49, Hutt Road, Lower Hutt, Lower Hutt

By Negotiation

Proposed Usage
Development Site
Floor Area
410.00 m²
Land Area
463.00 m²
Description:
Property ID
1c16gw9

CBRE is pleased to offer for sale by Deadline Private Treaty, 49 Hutt Road, Petone, Lower Hutt.

The property comprises a single storey building strategically located in a prime position on the corner of Hutt Road and Riddlers Crescent, a main arterial route leading to Lower Hutt City, State Highway 2 and Wellington City.

Well maintained improvements comprise a showroom, office and warehouse. The property is tenanted by Abtec Audio Lounge who specialise in car audio systems and installations, and have occupied this site for over five years. A new lease will be entered into with an initial term of eight years, making this property an excellent opportunity for a passive investor looking to secure a property in a sought after location.

The property occupies a 463sqm (approx) freehold site with 410sqm (approx) of Gross Floor Area (GFA) and has been seismically upgraded to 67% New Building Standard (NBS).

Petone has seen exceptional growth in the last five years in both the commercial and residential sectors. This is highly likely to continue in the coming years as we see a high demand from businesses looking to secure premises within Petone, and more residential developments being completed to keep up with demand.

Property Highlights:
* Abtec Audio Lounge (Tenant)
* Net income $82k plus GST pa
* 67% NBS seismic rating
* 463sqm freehold land
* High profile corner site
* Gross floor area 410sqm
* Dual street frontage
* Main arterial route with approx. 22,000+ passing cars per day

49 Hutt Road, Petone, Lower Hutt is being offered for sale by Deadline Private Treaty, closing Wednesday 21 March 2018 at 4pm.

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

Enquire about this property

Lower Hutt Area