92-102 Hutt Road, Kaiwharawhara, Wellington

Strategic passive investment

We all know a good one when we see it and this ticks all the boxes.

• As a site, the property's proximity to the CBD and easy access to arterial roading gives the tenant a major advantage over their competitors in being able to efficiently service the demand for scaffolding in the wider Wellington region.

• As a building it offers a generic high stud drive through warehousing of approximately 1800 sqm, which was strengthened to an NBS rating of 100% in 2016. A new 400 sqm office and amenity extension is to be built on the northern end of the warehouse within 12 months which will further enhancing its appeal for other users should it ever become vacant

• As a tenant, Geeves Scaffolding is a prominent player in an industry that has seen strong growth as a result of the ever increasing demand on their products to meet the stringent health and safety requirements when working above ground level.

• As an investment it offers a long-term net lease (tenant pays property outgoings) fixed annual rental increases, bank rental guarantee, and a well established tenant. What more do you need?

The method of sale and sale date is subject to change, please contact the listing agent for more information.

To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/92-102huttroad

• Net rental - $395,000pa + GST
• Rental guarantee - ANZ bank guarantee
• Strengthened to 100% NBS in 2016
• Building area - 1,800sqm warehouse, 400sqm office (to be built)