Listing Description
Internationally owned tenant on renewed lease
131 Gracefield Road, Gracefield, Lower Hutt, Wellington
To be sold by tender (closes on 11 Mar)
Details
| Attribute | Value |
|---|---|
| Property use | Industrial |
| Property ID# | JPK994 |
| Agency reference | 3259583 |
Description
An exceptional industrial investment opportunity positioned in Wellington's highly sought-after Seaview industrial precinct. This substantial asset offers secure income, fully leased to Groenz Ltd, a subsidiary of global foodservice powerhouse Golden State Foods. The tenant has successfully operated from the property for over 30 years, underscoring the strength and stability of the covenant.
The well-presented property comprises a 2,532sqm industrial facility situated on a generous 3,527sqm freehold site. Key features include dual access points, extensive on-site car parking, and a secure yard area. The building benefits from significant tenant investment, operating as an export-grade food production facility, complemented by modern office accommodation and staff amenities.
This is a high-quality industrial investment underpinned by a blue-chip tenant, strong fundamentals, and a prime position within Wellington's established and tightly held Seaview industrial market.
To obtain a copy of all supplementary documents please register your interest at http://www.propertyfiles.co.nz/property/131gracefieldstreet
- $360,000pa + GST net income
- Tenant has occupied site for 30 plus years
- Substantial building with good carparking
- Popular industrial location
Property Files
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Mark Sherlock
Agent's details
Mark Sherlock
Liam Sherlock
Enquire about the property
Capital Commercial (2013) Ltd MREINZ, (Licensed: REAA 2008)
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