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Petone

35 Bouverie Street, Petone, Lower Hutt

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15,099sqm Land area SQM
6,916sqm Floor area
50 Offstreet

Expiring lease equals opportunity


Home to the same use for over 30 years, time is almost up for the current tenant, with the expiring lease opening the door for alternate uses of this substantial site.

Benefiting from drive on access from both Bouverie & Richmond streets, the site has about 3,000sqm of underutilised sealed yard on its northwestern side, and a mix of interconnected buildings to the rear including approx. 1,900sqm, of high stud warehouse.

Sites of this size in such a prime location are few and far between. This one provides a great opportunity for developers, owner occupiers, and investors alike to take advantage of the expiring lease which gives them time to formulate plans for the property's future and receive a healthy return in the interim.

• 15,099sqm site in prime location
• Mix of interconnected buildings with 50 plus parks
• Vacant possession available mid 2027 (conditions apply)
• Substantial holding income

Tender
(unless sold prior)

Level 14, 36 Brandon Street, Wellington

13
Aug

Time4pm
Calander
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Fraser Press

Fraser Press

Commercial, Industrial and Retail Sales and Leasing

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

James Higgie

Commercial, Industrial and Retail Sales and Leasing

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

Features

Location


Central Petone with access from Bouverie & Richmond streets

Land area breakdown


15,099sqm flat site held in 4 titles

Opportunity


Vacant possession available mid 2027 (conditions apply)

Passing income


Substantial holding rental

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