Available PropertyFiles:

/1. Information Memorandum/
- Hutt Park Rd, 103_1_Information Memorandum-min.pdf
/2. Body Corporate/
- Disclosure Document.pdf
- Long Term Maintenance Plan.pdf
/3. Insurance Quotes/
- Body Corporate 81808 - Quote 2024 Doc.pdf
- Quote to renew insurance - Body Corporate 81808 - 02DDP.pdf
/4. Lease Agreement/
- Signed Lease 1st November 2024.pdf

Property Description

• New 7 year net lease from November 2024
• New DSA just completed
• Net rental $123,181pa + GST
1/103 Hutt Park Road represents an outstanding commercial investment opportunity on a prime corner location. This warehouse, office, and yard offer versatility and strong security from the tenant. Seven Electrical is a well-established business that has won multiple awards for some of the largest and prominent developments in Wellington, now benefitting from Aotea Group as their major shareholder. They
have occupied this site for approximately 20 years.
Strategically positioned within Seaview/Gracefield’s thriving business precinct, this location offers easy access to State Highway 2, key transport links, and a dynamic mix of trade suppliers, industrial manufacturing, and warehouse/distribution.
A new Engineer's Report (DSA) places the building at 55% NBS and with very simple strengthening (estimated cost of $12,607 + GST) could achieve at least 70% NBS.
This is an excellent opportunity for investors seeking strong tenant security, a prime location, and a hassle-free commercial asset.

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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 Oliver Hourigan

Capital Commercial (2013) Limited, Bayleys,

Licensed under the REA Act 2008

+64 499 6022 +64 27 542 7603 oliver.hourigan@bayleys.co.nz All Listings

Contact Andrew Smith