Bayleys Real Estate Ltd
Residential
Commercial
Rural
Property Services
News and Editorial
Auctions

Petone

129 The Esplanade, Petone, Lower Hutt

Watchlist
Share
Property files
1,895sqm Land area SQM
255sqm Floor area
2 Offstreet
Property files
Video

Self serving investment


Finally, we have an investment opportunity that is a alternative to a term deposit with the upsides to match.

Recently developed for Waitomo Energy the property offers an investor a passive investment on a strategic site with strong underlying land credentials.

In addition to the unmanned fuel facility the property also includes a very tidy warehouse/workshop on Fitzherbert Street. This property offers a secure income stream with fixed rental increases ensuring excellent long term growth.

It doesn't get any easier to invest in property with this one.

To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/129TheEsplanade

• Fully leased, with Waitomo Fuel as anchor tenant
• Net income after OPEX of approx. $211,757pa + GST
• Fixed in rental growth due in 2024
• 10 year net lease from November 2021
• Strategic site with three street frontages

For Sale by Negotiation
Ethan Hourigan

Ethan Hourigan

Commercial Sales and Leasing

Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Fraser Press

Fraser Press

Commercial, Industrial and Retail Sales and Leasing

Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Simon Butler

Simon Butler

Commercial and Industrial Sales and Leasing

Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Occupancy


Waitomo Energy Ltd

Lease


Lease terms 10 years from November 2021

Passing income


Net income after OPEX of approx. $211,757pa + GST

Prime frontage


Strategic site with three street frontages

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

Request more information

Contact us and have your questions answered.

Property files

Use the download button below to view all available documents for this property.