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Sound Investment Opportunity In Growth Area

Lower Hutt Central

Price by Negotiation

Listing Number: WL10543
About this listing
Astute investors looking for a good return should consider this investment package. Two commercial properties are offered for sale, each one with established childcare tenants in place. Situated in Lower Hutt - each suburban property is well positioned in locations enjoying solid growth in property values. Combined with the quality of the tenant's childcare centre operation, this offering represents an attractive and stable investment opportunity.
The Vendor is offering the land and buildings at a price that provides a competitive yield for any purchaser.
Property 1: Land area: 1305m2 more or less / Floor area: 228m2 plus decks
Property 2: Land area: 516m2 more or less / Floor area: 156m2 plus decks
Lease Term: New 6-year lease with 3 ROR for 5 years each
Current Lease Rental (combined of both properties): $166,500.00 per annum + GST + outgoings
Reviews: Annually adjusted by CPI, with market rent review every 3 years
Outgoings: Standard net lease with the tenant responsible for all outgoings, including utility charges, rates and insurance premiums.
Call now for more information and seize this opportunity to add to your commercial property portfolio within a proven growth industry. Contact Lisa on 027 474 0679 or Elizabeth on 021 022 55644.
Property Information
  • Approx Floor Area: 384 sqm
  • Land Size: 1821 sqm
  • Tenure: Fee Simple
  • Property Type: Other (Commercial), Tenanted Investment

Contact Details

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