Available PropertyFiles:

/2. Lease Documents/
- Dead of Lease.pdf
- Deed of Sublease - All About Dance.pdf
/3. Seismic information/
- CPI Rent Review - Aug-2025.pdf
- DSA Report - May 2025.pdf
/4. Title/
- 3257392-1.pdf
/5. Asbestos documents/
- Asbestos Management Plan.pdf
- Asbestos survey.pdf

Property Description

• Substantial city fringe bus depot
• High quality tenant on net lease
• Well developed 3,843sqm with wide frontage
• High underlying land value
• Net rental $484,403pa + GST plus significant improvements rental

This outstanding investment property comprises a fringe city bus depot leased by Wellington City Transport Ltd which is owned by Kinetic, Australasia's largest bus network operator. With an expansive 3,843sqm site and wide frontage to busy Hutt Rd this property has fantastic underlying land value in a tightly held strip that is home to BMW, Spotlight, Placemakers and Animates.

Buildings include a high stud workshop, drivers amenities and first floor offices. The property has extensive concrete yard, fencing and security gates. This is a high quality investment proposition which boasts a top location, quality tenant, net lease, A grade seismic rating and an impressive underlying land value.

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Terms of Supply

DISCLAIMER AND STATEMENT OF GENERAL POLICY
The following information has been supplied to Capital Commercial (2013) Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.
Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.
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Contact Mark Sherlock

Capital Commercial (2013) Limited, Bayleys,

Licensed under the REA Act 2008

+64 4 499 6022 +64 21 481 562 mark.sherlock@bayleys.co.nz All Listings

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