Land with Building for Sale Wallaceville Wellington

Investment With Options

Commercial Property for Sale Description

Land with Building for Sale Wallaceville Wellington 11-15 Jepsen Grove

As Exclusive Agents, CBRE New Zealand is proud to present 11-15 Jepsen Grove, Wallaceville, Upper Hutt for sale by Deadline Private Treaty, closing 4:00pm Wednesday 14 April 2021.

The property is situated approximately 700 metres to the south-east of Upper Hutt Centre and 31 kilometres north-east of Wellington CBD. The building was purpose built for the current Crown Tenant as their Wellington data processing centre. The building comprises approximately 4,994sqm of carpeted, partitioned and air-conditioned office accommodation.

Investment Highlights:

- Leased to Crown Tenant
- Net Lettable Area: 5,208sqm
- 1.3625 hectares (more or less)
- Strong underlying land value
- Additional development potential (under improved site)
- Good quality office building designed to allow seamless conversion to warehouse
- Good access to SH2
- 123 on-site car parks
- Gentrification of Wallaceville

CBRE strongly recommends your early consideration of this outstanding investment opportunity and encourages interested parties to get in touch without delay.

For further information, please contact one of the nominated brokers.