Kilbirnie
32-34 Bay Road, Kilbirnie, Wellington
Tender
BNZ Anchor Tenant
Last sold 20 years ago, this property has provided a reliable income to the current owners. Fully leased and anchored by BNZ and Floating Rock the property is well presented and provides a good spread of risk across 5 tenants.
In 2020, 32-34 Bay Road underwent seismic strengthening to achieve an attractive NBS rating of 90%.
Bay Road is the main retail strip within Kilbirnie and this property is strategically located in the middle, with a rear secondary frontage situated within a public carpark. Conveniently located 5 minutes to the Wellington Airport and 15 minutes from the CBD on a good day.
Recent changes to the Wellington District Plans has an updated maximum redevelopment build height to 35m, which opens up a number of future development opportunities.
• Fully leased, anchored by BNZ and Floating Rock
• Returning approximately $343,193 + GST pa
• Strengthened to 90% NBS in 2020
To obtain copies of all supplementary documents please register your details at https://www.propertyfiles.co.nz/property/32to34bayroad
Grant Young
Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Sarah Lyford
Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Anchor tenants
Fully leased, anchored by BNZ and Floating Rock
Seismic (NBS rating)
Strengthened to 90% NBS in 2020
Passing income
Returning approximately $343,193 + GST pa
Zoning
Metropolitan Centre Zone (Height limited of 35m)
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