Ad ID: 93974

Warehouse for Sale Wellington

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

Industrial/Warehouse - BRAND NEW BUILD

180-202 Hutt Road
Price by Negotiation
Area (m2):

Commercial Property for Sale Description

Warehouse for Sale Wellington 180-202 Hutt Road

As Exclusive Agents, CBRE New Zealand is proud to present 180 - 202 Hutt Road, Kaiwharawhara, Wellington for sale.

The property is located on the eastern side of Hutt Road and is situated approximately 600 metres North-East of the Hutt Road/Kaiwharawhara Road intersection.

The property comprises a brand new, high-stud building with a large concreted yard area and modern offices/showroom recently developed for PlaceMakers. The property also comprises 2,330 sqm (approx) prime land ripe for development which includes the original 2,532 sqm (NLA) building previously occupied by PlaceMakers and now occupied by Argosy Property Management Limited on a short term basis. The Vendor will consider divesting the two sites separately.

Investment highlights include:

• Nine-year lease to a publicly listed company
• Triple net lease
• Excellent rent review provisions with annual 2.5% fixed increases
• Excellent location with wide road frontage to Hutt Road and huge profile to SH1
• Premium quality building with excellent mix of office, showroom, yard and warehouse space
• 1.0660 hectares (more or less) freehold land with strong underlying land value
• Good access to SH1, SH2 and the Wellington CBD
• Additional development potential - Vacant 2,330 sqm (approx.) site
• New build designed to target 4 Star Green Star ‘Built’ Certification Rating
• Ability to split into two separate titles *

For Sale by Deadline Private Treaty, closing Thursday 11th June 2020 at 4pm

* The Vendor will consider divesting the PlaceMakers site separately from the old building located at the southern end of the property. The new boundary will run parallel with the northern wall of the old building. A plan highlighting the indicative boundary line can be viewed and downloaded via the Electronic Data Room.

For further information and access to the electronic data room, please contact one of the nominated brokers.

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CBRE Ltd - Wellington
For more info
Contact: Dharmendra Mistry

Dharmendra Mistry

021 175 0751 or 04 474 9827
CBRE - Wellington
Licensed REAA 2008
Broker Ref: 1371660Q2

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