33-43 Jackson Street, Petone, Lower Hutt

33-43 Jackson Street, Petone is a sound long term investment in a popular location with a solid tenant covenant. The property has been home to a printing related tenant for over 40 years. The current tenant Blue Star Group has invested significantly into the property with a range of upgrades to equipment and associated fitout.

This property is now well established for the future to cater for a wide range of printing needs ensuring it is fit for purpose and affordable for the tenant.

In addition to the strong rental income the property provides over 1.1 hectares of freehold land that may have a high and better use in the future.

To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/33-43JacksonStreet

• New 9 year lease to Blue Star
• Fixed rental increase throughout the lease term
• Net income of $1,310,000pa increasing to $1,434,000pa net + GST in 2026
• 1.1889ha of freehold land
• Seismically sound with a NBS rating of over 67% (2018)