Petone
129 The Esplanade, Petone, Lower Hutt
For Sale by Negotiation
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
Ethan Hourigan
Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Fraser Press
Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Simon Butler
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
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