Kaiwharawhara
110 Hutt Road, Kaiwharawhara, Wellington
+11
Strategic City Fringe Investment
This outstanding investment property comprises a fringe city bus depot leased by Wellington City Transport Ltd which is owned by Kinetic, Australasia's largest bus network operator. With an expansive 3,843sqm site and wide frontage to busy Hutt Rd this property has fantastic underlying land value in a tightly held strip that is home to BMW, Spotlight, Placemakers and Animates.
Buildings include a high stud workshop, drivers amenities and first floor offices. The property has extensive concrete yard, fencing and security gates. This is a high quality investment proposition which boasts a top location, quality tenant, net lease, A grade seismic rating and an impressive underlying land value.
To obtain a copy of all supplementary documents please register your interest at www.propertyfiles.co.nz/property/110huttroad
• Substantial city fringe bus depot
• High quality tenant on net lease
• Well developed 3,843sqm with wide frontage
• High underlying land value
• Net rental $484,403pa + GST plus significant improvements rental
Mark Sherlock
Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Fraser Press
Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Liam Sherlock
Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Exposure
High profile site in tightly held city fringe location
Land area breakdown
3,843sqm site with wide frontage
Occupancy
Top quality tenant owned by Australasia's largest transport operator
A-grade
Seismic rating, extensive yard and security fencing
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