Available PropertyFiles:

/1. Information Memorandum/
- Jarden Mile, 2_Information Memorandum-min.pdf
/2. Seismic Information/
- Detailed Seismic Assessment.pdf
/3. Insurance Documents/
- Insurance_Client Invoice_I04072926_1793242005.pdf
- Insurance_Policy Schedule_I04072926_1793242005.pdf
/4. Lease Documents - WBS/
- Deed of Lease - 23 January 2019.pdf
- Deed of Variation - 31 March 2021.pdf
- Lease Agreement - 9 November 2018.pdf

Property Description

Occupying a high-profile corner site at the controlled intersection of Jarden Mile, Hutt Road and State Highway 2 you will be hard-pressed to find a better location in the tightly held Ngauranga precinct.

Investors can boost the cash flow by securing a tenant for the vacant ground floor tenancy as well as benefiting from a CPI rent review in Feb 2025.

The same vacant tenancy, which has showroom frontage to Jarden Mile and roller access to the rear, also provides options for owner-occupiers who can also free up a chunk of car parks for their own use.

• Mixed-use building with a ground floor vacancy
• Strong cash flow with programmed rental growth
• Seismic rating 67% NBS, DSA Dec 2023
• 2,010sqm corner site with over 40 car parks
• Current gross rental $230,000pa + GST

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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 Andrew Smith

Capital Commercial (2013) Limited, Bayleys,

Licensed under the REA Act 2008

04 499 6022 021 421 401 andrew.smith@bayleys.co.nz All Listings

Contact James Higgie

Capital Commercial (2013) Limited, Bayleys