Ad ID: 101087 Inactive

Industrial Warehouse for Sale Petone Wellington

Enquire about this "Industrial Warehouse for Sale Petone Wellington" property on nzcommercial

Industrial/Warehouse - Opportunities Abound

3 Sydney Street & 4-6 Fitzherbert Street
Deadline Private Treaty
Area (m2):

Commercial Property for Sale Description

Industrial Warehouse for Sale Petone Wellington 3 Sydney Street & 4-6 Fitzherbert Street

Opportunities abound, offering all prudent investors, owner occupiers and developers significant options.

Located in Petone’s sought-after commercial precinct, in a high-profile location, 3 Sydney Street offers 455sqm (more or less) of warehouse, office and showroom space and 4-6 Fitzherbert Street offers 621sqm (more or less) of rare vacant development land. Appointed as sole agent by the Vendor, CBRE is pleased to offer the two adjoining properties for sale as one by Deadline Private Treaty, closing Wednesday 9th June 2021, at 4pm.

A vacant development site is a rare commodity and is almost unheard of in the Petone commercial precinct and with commercial zoning offering a variety of uses, the options for future redevelopment are endless.

Combined, 3 Sydney Street and 4-6 Fitzherbert Street, Petone, offer:
• Investors a full net lease, at market rent (with the opportunity to negotiate with the existing tenant, at the expiry of their present lease) or to refurbish and lease a property, in an extremely sought after location, experiencing historic low vacancy rates and rising rentals.
• Owner occupiers an attractive holding return and the option to occupy the warehouse/office premises at the expiry of the lease, with the rear vacant yard, or the option to develop the premises further to suit a larger requirement.
• Developers a holding income, with the opportunity to develop either the vacant site or combine and redevelop the entire site.

Investment highlights include:
• High-profile location
• Proximity to all major transport hubs and Wellington Port
• Growth location, with industrial rents showing strong growth
• Historic low vacancy rates through-out the Petone precinct
• Excellent on-site parking with both properties

Given the possibilities which 3 Sydney Street and 4-6 Fitzherbert Street, Petone offer and the rarity of this offering, CBRE strongly recommends your early consideration and encourages motivated purchasers to get in touch without delay.

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