Petone
35 Bouverie Street, Petone, Lower Hutt
+37
An Eye for the Future.
Home to the same use for over 30 years, time is almost up for the current tenant so now is the time to review this sites future alternate uses.
Expiry of current lease arrangements is no later than 31 May 2028, but with a right for the owner to require vacant possession in May/June 2027 (conditions apply)
Benefiting from drive on access from both Bouverie & Richmond streets, the site has about 3,000sqm of underutilised sealed yard on its north western side, and a mix of interconnected buildings to the rear including approx. 1,900sqm, of high stud warehouse.
Sites of this size in such a prime location are few and far between. This one provides a great opportunity for developers, owner occupiers, and investors alike and gives you time to formulate plans for the property's future and receive a healthy return in the interim.
• 15,099sqm site in prime location
• Mix of interconnected buildings with 50 plus parks
• Future options are endless
• Substantial holding income
Fraser Press
Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
James Higgie
Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Location
Central Petone with access from Bouverie & Richmond streets
Land area breakdown
15,099sqm flat site held in 4 titles
Opportunity
Expiring lease no later than 31st May 2028 or earlier subject to conditions
Passing income
Substantial holding rental
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