Listing Description
Data centre plus land for sale
40 and 56 Parkside Road, Gracefield, Lower Hutt, Wellington
To be sold by tender (closes on 10 Dec)
Details
| Attribute | Value |
|---|---|
| Property use | Development site |
| Agency reference | 3259319 |
Description
This unique offering combines secure investment income with significant future development potential, making it an ideal acquisition for astute investors.
Part One: A substantial 1,500sqm (approximately), two-storey office and data storage facility, purpose-built and well-maintained. The property includes 15 on-site car parks and is leased to One NZ under a brand new five-year net lease with further rights of renewal - delivering long-term, reliable income backed by a bluechip tenant.
Part Two: A 517sqm parcel of land, offered with vacant possession, prominently located on the corner of Hutt Park Road and Parkside Road. This standalone site presents flexibility and future upside in a high-profile position.
To obtain copies of all supplementary documents please register your details at http://www.propertyfiles.co.nz/property/40and56parksideroad
- A-grade tenant covenant
- New five-year net leaseback
- Fixed annual rental growth
- Net income of $277,309pa + GST
Property Files
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Ethan Hourigan
Agent's details
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Capital Commercial (2013) Ltd MREINZ, (Licensed: REAA 2008)
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