Orewa
154 Centreway Road, Orewa, Rodney
+3
Secure Orewa freehold
Situated in the heart of Orewa, 154 Centreway Road presents a well-established commercial investment leased to Hutchinson Consulting Engineers Limited. The property comprises a 499sqm (more or less) office building on a freehold 847sqm (more or less) site, supported by 13 on-site car parks.
The tenant has occupied the property for 20+ years, with the current 14-year lease extending through to March 2035, with a further 10-year right of renewal to 2045. The property returns $192,000pa + GST net and is underpinned by a strong tenant covenant and favourable zoning that supports long-term hold or future repositioning.
Centrally positioned within walking distance of Orewa town centre, beach and amenities, the property benefits from strong local demand and convenient access to State Highway 1 and the wider Hibiscus Coast catchment.
1/177 Millwater Parkway, Silverdale
Mar
4pm
Graeme Perigo
Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Alex Perigo
Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Location
Centrally positioned within the Orewa town centre catchment, within walking distance of Orewa Beach, cafés, retail and professional services.
Lease
Leased to Hutchinson Consulting Engineers Limited, a well-established professional consultancy with a strong national presence.
Lease term
Secure income under a 14-year lease from April 2021, extending through to March 2035, with a further 10-year right of renewal to 2045.
Passing income
Returning $192,000 per annum plus GST and outgoings, providing a stable and predictable income stream.
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Property files
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