Central Hutt
129-131 High Street, Central Hutt, Lower Hutt
+39
Holding income with multiple upsides
A repositioning opportunity in the heart of Lower Hutt's High Street retail strip.
This two-storey commercial building offers established income from DTR and Leafy Green, while a vacant ground floor tenancy invites a new tenant to drive rental uplift on day one.
The standout play lies upstairs: a generous first floor ideally suited to conversion into inner-city residential apartments, tapping into Lower Hutt's chronic housing shortage and increasingly favourable intensification settings.
With strong street frontage, on-site parking and a flexible floorplate, holding income underwrites the development pathway.
Astute investors and developers seeking measurable upside through leasing, refurbishment and residential conversion should act decisively.
Inspect to appreciate the full potential on offer.
To obtain a copy of all supplementary documents please register your interest at www.propertyfiles.co.nz/129-131highstreet
• Profile central Hutt location
• Part leased - part vacant
• Add value by leasing up or converting to residential
• Potential net rental $152,637pa + GST
Paul Cudby
Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Oliver Hourigan
Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Location
Profile central Hutt location
Occupancy
Two leased tenancies – one vacant
Add value
Lease up and hold or convert for upside
Opportunity
Potential rental leased up $152,637pa net plus GS
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