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Newtown

2-6 Wilson Street, Newtown, Wellington

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1,093sqm Land area SQM
783sqm Floor area
12 Offstreet

Auction

Wash your money


Introducing a remarkable commerical investment in the heart of Newtown, This property is a fantastic opportunity for astute investors looking for a secure, long-term income stream.

The investment comes with a 5 -year and 5 months net lease to KPC Laundry Limited from the 1st of Novenmber 2023 with 2 further right of renewal of 5 years. This lease guarantees a secure and predictable income for the foreseeable future, making it a reliable addition to your investment portfolio.

The size of the site also makes it ripe for redevelopment if the tenant decideds to leave at the end of the lease term, whilst having great holding income.

The single-level 783sqm building offers a spacious and flexible layout for the tenant's operations with rear loading. Additionally, the rear mezzanine provides extra space for storage or office use. With ample car parking for up to 12 vehicles,

Investors looking for a stable income stream in the thriving Wellington market will appreciate this opportunity. With a quality tenant in place and excellent future potential, this property promises not only financial security but also long-term capital growth.

To obtain copies of all supplementary documents please register your details at https://www.propertyfiles.co.nz/property/2to6wilsonstreet

Auction

Level 14, The Bayleys Building, 36 Brandon Street, Wellington, 6011

7

Dec

Time11am
Calander
Calendar
Johnny Curtis

Johnny Curtis

Commercial and Retail Sales and Leasing

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

Mark Walker

Commercial and Industrial Sales and Leasing

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

Features

Lease term


5 years with 2 x 5 year ROR

Lease


Net Lease $150,008

Floor area


783 sqm with 12 car parks

Land area


1093 sqm

Opportunity


Potential future development site

Zoning


Centre zoning