108-110 Nelson Street, Petone, Lower Hutt

Petone Industrial Investment

Positioned on one of the most sought after industrial streets in Petone this immaculately presented light industrial building sits at the northern end of Nelson Street.

The offering comprises a single warehouse building with ample offices and amenities across two titles, the building was fully refurbished in 2018 along with strengthening the building to 100% NBS. The building has street frontage on both Nelson Street and Scholes Lane providing Drive through capability.

Currently tenanted by Hydroflow distributors Ltd, they have occupied the property since 2018 and have an expiring lease in July 2024 leaving the options for this property endless for both owner occupiers and investors alike, with historically low vacancy rates in the immediate area and the potential to split the building into two tenancy's

To obtain the information memorandum please register your details at
https://propertyfiles.co.nz/property/108-110NelsonStreet_TP3

Key Points:
1. Fully refurbished and strengthened to 100% NBS
2.Dual access with drive through capability
3.Current net income of $115,482 + GST
4.Built in CPI rental growth

For further information or a private property inspection please contact one of the listing agents: Ethan Hourigan 021427601 Email: ethan.hourigan@bayeys.co.nz or Andrew Smith 021 421 401 Email: andrew.smith@bayleys.co.nz