82-86 Queens Drive, Lower Hutt, Lower Hutt

Hutt City Retail Hotspot

This well rounded property provides all the basics of a solid investment strong location, spread of risk, good tenants, freehold title and high earthquake rating. \n\nWell located in the heart of Lower Hutt CBD on the favoured side of Queens Drive within close proximity to Westfield Shopping Centre.\n \nFour tenants provide an excellent mix of income. The vast majority of which comes from the ground floor retail tenants, Pita Pit who have completed a substantial fit out and have a 9 year lease. Hutt Cameras who have occupied the site for 12 years and have agreed a new 3 year term. \n\nThe property currently generates net rental of approximately $104,000 with upside of 62sqm of vacant office available for lease.\n \n