Listing Description
Fully tenanted office investment
44 Wainui Road, Waiwhetu, Lower Hutt, Wellington
To be sold by tender (closes on 10 Dec)
Details
| Attribute | Value |
|---|---|
| Property use | Industrial |
| Property ID# | JLJ980 |
| Agency reference | 3259287 |
Description
An exceptional high yield opportunity to secure a well-presented two-floor office building in a high-profile location on a busy main arterial road.
This property is fully leased to two established tenants, Kiwi First have occupied the first floor for 20 years, providing immediate income and long-term investment security. The layout offers efficient floor plates on each level, suitable for a wide range of professional occupiers.
A recent seismic report provides peace of mind, making this a future-proof investment in a tightly held commercial area.
Located in a thriving precinct with excellent visibility, great sun and almost park like surroundings, strong traffic flow and easy access to key transport routes, this property benefits from outstanding convenience and exposure.
To obtain copies of all supplementary documents please register your details at http://www.propertyfiles.co.nz/property/44wainuiroad
- Two tenants across two floors
- Well appointed car parking and rear yard areas
- Rental growth with long term leases
- 70% NBS, 2025 DSA
- Net Rental $116,000 per annum + GST
Property Files
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Andrew Smith
Agent's details
Andrew Smith
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Capital Commercial (2013) Ltd MREINZ, (Licensed: REAA 2008)
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