Ad ID: 104550
Bunnings Centre for Sale Lower Hutt WellingtonEnquire about this "Bunnings Centre for Sale Lower Hutt Wellington" property on nzcommercial
Retail - BUNNINGS INVESTMENT
1 Hollands Crescent
Commercial Property for Sale Description
Bunnings Centre for Sale Lower Hutt Wellington 1 Hollands Crescent1 HOLLANDS CRESCENT, NAENAE, LOWER HUTT.
AS EXCLUSIVE AGENTS, CBRE NEW ZEALAND IS PROUD TO PRESENT BUNNINGS TRADE CENTRE, 1 HOLLANDS CRESCENT, NAENAE, LOWER HUTT (â€œBUNNINGS NAENAEâ€) FOR SALE.
Bunnings Trade Centre offers a GLA of 9,385sqm* with 84 on-grade car parks and sits on a strategic 1.3hectare* parcel of land in the heart of Naenae. The property is subject to a brand new 7-year net lease to Bunnings Limited with annual rent reviews. The building is currently undergoing a significant refurbishment and seismic upgrade works.
The property is being offered for sale by Deadline Private Treaty closing Thursday 4th November 2021 at 4pm. Rarely do assets of this quality in the Wellington region come to the market. Accordingly, CBRE strongly recommends your early consideration of this outstanding Investment Grade opportunity and encourages interested parties to get in touch without delay.
Key Investment Highlights:
- Total GLA of 9,385sqm* + 84 car parks
- Strategic 1.3ha* site
- New 7-year net lease + options to 2069* secured by Bunnings Limited
- Annual rent reviews
- Refurbishment and seismic upgrade works underway
- Tightly held asset class in growth catchment area
- Net income of $650,000 p.a + GST
For further information or to arrange an inspection, please contact one of the nominated brokers.