Listing #:1720391929

Not To Be Missed | Industrial Investment

Location: 34 Sydney Street, Petone, Lower Hutt, Wellington
Property use: Developmen­t site
Floor area: 365m2
Land area: 455m2
Price: Price by negotiatio­n
CBRE is pleased to offer for sale by Deadline Private Treaty, 34 Sydney Street, Petone, Lower Hutt.

The property comprises a single storey building strategically located in a prime position just 80 metres to the south of Jackson Street with easy access to all main arterial routes leading to Lower Hutt City, State Highway 2 and Wellington City.

34 Sydney Street occupies a 455sqm (approx.) freehold site with 365sqm (approx.) of Gross Floor Area (GFA). The property comprises two separate well maintained tenancies, with showroom, office and warehouse. 
The two anchor tenants are Pipeline (2013) Limited and Sensortronic Scales Ent Limited, who have both been long term tenants in the property. Dual separate tenants make this property an excellent opportunity for a passive investor looking to secure a property in a sought after location, with multiple income streams.

Petone has seen exceptional growth in the last five years in both the commercial and residential sectors. This is likely to continue in the coming years as we see a high demand from businesses looking to secure premises within Petone, and more residential developments being completed to keep up with demand.

The property is located in the ‘Petone Commercial Activity Area’, Area 2. A recent zone change by the Local Authority has enhanced this location providing a mixed use activity area within Petone which caters for a range of complementary commercial, small-scale or low intensity light-industrial business and service activities, as well as residential and large format retail activities.

Property Highlights:
* 455sqm freehold site
* 365sqm Net Lettable Area
* Standalone dual unit
* Good stud height, profile and location with multi-use; industrial, retail and residential
* Two long standing tenants
* Prospects for growth
* 'Commercial Area 2' zoning
* 80 metres south of Jackson Street

34 Sydney Street, Petone, Lower Hutt is being offered for sale by Deadline Private Treaty, closing Thursday 23 August 2018 at 4pm.

Agency reference #: 3420188Q3
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Price by negotiation
34 Sydney Street, Petone, Lower Hutt, Wellington
Price by negotiation
Listed: Thu 2 Aug, 3:04 pm
Gary Hansen
CBRE (Agency) Limited, Licensed Agent (REAA 2008)
  • Contact details
  •  (04) 4749862
  •  (021) 2111754

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Agent's details

Gary Hansen
  •  (04) 4749862
  •  (021) 2111754
CBRE (Agency) Limited, Licensed Agent (REAA 2008)
(04) 4998899
Log in or register to email the agent.
Expires: Fri 28 Sep, 11:43 am
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