Blue Chip Tenant - Net Lease

Negotiation

88 Victoria Street Petone View map

Listing # 1778927Q1 Listed 25 Feb 2017

CBRE (Agency) Ltd (Licensed: REAA 2008) - Wellington's logo
CBRE (Agency) Ltd Wellington

Licensed: REAA 2008

Blue Chip Tenant - Net Lease
  • Blue Chip Tenant - Net Lease
  • Blue Chip Tenant - Net Lease
  • Blue Chip Tenant - Net Lease
  • Blue Chip Tenant - Net Lease
  • Blue Chip Tenant - Net Lease

About this property

CBRE New Zealand is proud to present 88 Victoria Street, Petone, Hutt City for sale. The property comprises a two-storey building on a prominent corner site which has been occupied by the same tenant for 28 years.

The property is located in Petone, Lower Hutt; one of Wellington's largest suburbs situated at the southern end of the Hutt Valley. The location of 88 Victoria Street is a 16 minute drive to Wellington's Central Business District (CBD).

The property has a net lettable area (NLA) of 714.35sqm with 14 on-site car parks which can be accessed off both Victoria and Regent Streets.

The building has a seismic rating of 68% NBS (New Building Standard) as at December 2012. The main tenant, WISNZL (Wesfarmers Industrial and Safety New Zealand Limited) are the largest supplier of industrial, engineering and safety products in New Zealand and, as such, are a Blue Chip tenant.

CBRE strongly recommends your early consideration of this outstanding investment opportunity and encourages motivated purchasers to get in touch without delay.

Sale by Deadline Private Treaty closing Wednesday 29 March 2017 at 4pm (unless sold prior).

Property Highlights:
NLA 714.35sqm (approximately)
Sought after location
776sqm freehold land
Net income $86,856pa plus GST
Convenient access to SH2 and CBD
High profile investment property
Tenant in occupation for 28 years
Strong underlying land value
Seismic rating 68% NBS
14 on-site car parks

View more details at CBRE

Key Features

Predominant m2
776
Include SAV
N
Include GST
N


Enquire about this property


Rick Stace photo
Agent
CBRE
L12 ASB Tower, 2 Hunter Street
WELLINGTON
Rick Stace
Dharmendra Mistry photo
Agent
CBRE
L12 ASB Tower, 2 Hunter Street
WELLINGTON
Dharmendra Mistry

Commercial for Sale Investment Opportunities

  • 776 m2 Floor

Agents Details

Rick Stace photo
Agent
CBRE
L12 ASB Tower, 2 Hunter Street
WELLINGTON
Rick Stace
Dharmendra Mistry photo
Agent
CBRE
L12 ASB Tower, 2 Hunter Street
WELLINGTON
Dharmendra Mistry