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Listing Description

Listed: Wed, 21 Feb

Blue Mountains Office Campus

68 Ward Street, Wallaceville, Upper Hutt, Wellington

Price by negotiation

Details

  •   6000m² Floor
  •   7521m² Land
AttributeValue
Property use
Office
Agency reference
NZL67027468

Description

Colliers has been appointed to market for sale Stage 1 of Blue Mountains Campus, on Ward Street, Upper Hutt.   This modern office campus will appeal to investors looking to secure a passive income stream with excellent growth potential.   It includes the fully refurbished Buddle Building and the adjacent new KiwiRail National Train Control Centre. Key tenants such as KiwiRail and the Ministry of Business, Innovation and Employment (MBIE) have secured long-term leases, along with Silicon Systems Ltd, generating a net rental of $2.9m with guaranteed growth.   The Buddle Building has undergone a full refurbishment and strengthening programme, to deliver what is effectively an exceptional new IL2 100% NBS office building. It is 5 Green Star design-accredited, which reflects its very high standard of environmentally sustainable design and offers arguably the best office accommodation in the Upper Hutt area. As-built Green Star and NABERSNZ ratings are being sought now that the building is operational. It also incorporates end-of-trip facilities and an operating public ground floor café.   The adjoining KiwiRail National Train Control Centre is a bespoke new, IL3 I30% NBS building housing the KiwiRail control team that manages the majority of New Zealand’s rail network.    Stage 1 comprises 6,000 sqm of environmentally sustainable, resilient commercial space, anchored by two blue chip tenants that serve to attract further tenants of a similarly high calibre. With further interest from commercial, infrastructure and technology sectors, these two buildings set the scene for the campus’ planned future development stages.   Stage 1 of the campus is being offered for sale by an expression of interest process closing 4pm, Thursday 14 March 2024.   For more information, please do not hesitate to contact Colliers sole agents:   Richard Findlay on 021 620 188 or mailto:richard.findlay@colliers.com   Richard Kirke on 21 299 3120 or mailto:richard.kirke@colliers.com    Note, floor areas are approximate.


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Colliers, Wellington, Commercial Consultants Limited trading, (Licensed: REAA 2008)

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