89 Port Road, Seaview, Lower Hutt

Large Passive Industrial

For Sale: Deadline Private Treaty 27th March 2025 4pm.

With very few passive industrial investments offered to the market since 2021 and the prospect of falling interest rates this year we anticipate strong interest in this property from astute investors.

The Vendor is serious about this divestment and it offers a lease with over 11 years left on the initial lease term, 3 yearly market reviews and a fully net lease.

Key features:
- Net Rent - $851,070 + GST (approx.)
- Over 11 years left on initial lease term
- Building area - 4,598sqm
- Land area - 8,101sqm
- Wellington's main industrial location
- Quality tenant covenant

To further understand the opportunity, contact the Joint sole agents today for more details:
Bayleys:
Christian Taylor on Phone: + 64 21 964 828 or Email: Christian.taylor@bayleys.co.nz
Grant Young on Phone: + 64 21 988 613 or Email: Grant.young@bayleys.co.nz
www.propertyfiles.co.nz/property/89PortRoad

Colliers:
Kieran Lennon on Phone: +64 21 137 1472 or Email: kieran.lennon@collierswgtn.co.nz
Tim Julian on Phone: +64 21 488 029 or Email: tim.julian@collierswgtn.co.nz