167-175 High Street, Lower Hutt, Wellington

  A rare opportunity to secure a high-quality passive investment underpinned by a long-term government lease. This modern, well-presented property offers a strong seismic rating, minimal management requirements, and a reliable income stream, with the government tenant contributing the majority of the gross rental.   Assets of this calibre seldom come to market. Investors seeking stability, simplicity, and long-term security should give serious consideration to 167–175 High Street, Lower Hutt.   For further information or to arrange a private inspection, please contact the listing brokers.   Tim Julian on 021 488 029 or tim.julian@colliers.com   Kieran Lennon 021 137 1472 or kieran.lennon@colliers.com   *Please note all areas and values are approximates only.

Features:

• Net Income $596,780.28 + GST (approx.)
• Dual street frontage connected by Council walkway
• Fixed rental growth for MSD and BFT Gym tenancies
• 81% New Building Standard (IL2)
• Close to amenities and the new RiverLink pro
• Off-street car parking available
• Modern, low-maintenance building with generous stud height

More information: https://www.colliers.co.nz/p-NZL67038700