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Affordable investment in heart of Wingate industrial precinct

A dual unit title Lower Hutt office property within a larger business park in the Wingate industrial precinct has come onto the market for sale.

The property at 80 Eastern Hutt Road is a high-profile property, sitting in a prominent stand-alone location at the front of the complex with visibility from the main arterial route on the east of the Hutt Valley, close to both Wingate and Taita railway stations, and with easy access to State Highway 2 to Lower Hutt and Wellington.

JLL sales and leasing broker Gary Hansen is marketing Units 18 & 20, 80 Eastern Hutt Road, Lower Hutt for sale by Public Deadline Private Treaty closing 4 pm Wednesday 8 December 2021.

The two stratum estate freehold units for sale - 18 and 20 - feature a total of 296sqm floor area with well-presented and partitioned commercial offices over two floors situated on a 7638-sqm land area, and nine onsite car parks allowing for both staff and visitor parking right at the door.

The property was built circa 1980-89 and has been well maintained, said Hansen. There are shared refurbished staff facilities on the ground floor and kitchens on both floors. It has an NBS rating of 100 per cent.

The property is partially leased said Hansen: Unit 18 is on a three-year contract lease to Community Connections Supported Living Charitable Trust generating $26,000 + GST per annum, Unit 20 is vacant.

Hansen said that 80 Eastern Hutt Road with its street front location on the arterial route linking the Hutt Valley with Wellington offered purchasers an exceptional investment.

‘‘The location of this commercial asset offers prime visibility and positioning, with high traffic flows enabling business profile and exposure.

‘‘This is an exciting and rare investment opportunity for a commercial property in a desired location, a development opportunity, a favourable significant number of carparks, a secure three-year lease structure, established tenant, and a potential annual return of $56,000.’’

Business

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