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.
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.
Key features
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.
Location
Centrally positioned within the Orewa town centre catchment, within walking distance of Orewa Beach, cafés, retail and professional services.
