Available PropertyFiles:

/1. Information Memorandum/
- Bay Road_32-34_Information Memorandum min.pdf (public)
/2. Title /
- 2. Title - 32-34 Bay Road.pdf
/3. BWOF/
- 3. BWOF.pdf
/4. Seismic /
- 4a. Spectrum - 5 March 2020.pdf
- 4b. CCC.pdf
/5. Insurance/
- Insurance.pdf
/6. Leases/
- 1a. BNZ Lease Docs_DOL - 20 June 2001.pdf
- 1b. BNZ Lease Docs_Deed of Renewal - 23 Feb 2010.pdf
- 1c. BNZ Lease Docs_Deed of Variation - 1 Oct 2020.pdf
- 1d. BNZ Lease Docs_Deed of Variation - 14 March 2024.pdf
- 2. Floating Rock_ATL 28 Apr 2023.pdf
- 3a. Kolotex Lease_Extension and RR - 8 Aug 2023.pdf
- 3b. Kolotex Lease_RR - 24 May 2016.pdf
- 3c. Kolotex Lease_ Letter - 14 Mar 2013.pdf
- 3d. Kolotex Lease_Assignment - 21 June 2009.pdf
- 3e. Kolotex Lease_Assignment - 23 May 2006.pdf
- 3f. Kolotex Lease_DOL - 6 June 2001.pdf
- 4a. Number Woks Lease_Rent invoice.pdf
- 4b. Number Woks Lease_Assignment - 6 June 2023.pdf
- 4c. Number Woks Lease_ DOL - 27 Jan 2010.pdf
- 5a. Glow Beauty Lease_Extension of Lease - 30 March 2023.pdf
- 5b. Glow Beauty Lease_DOL - 1 Nov 2013.pdf

Property Description

• Fully leased, anchored by BNZ and Floating Rock
• Returning approximately $343,192 + GST pa
• Strengthened to 90% NBS in 2020
Last sold 20 years ago, this property has provided a reliable income to the current owners. Fully leased and anchored by BNZ and Floating Rock the property is well presented and provides a good spread of risk across 5 tenants.
In 2020, 32-34 Bay Road underwent seismic strengthening to achieve an attractive NBS rating of 90%.
Bay Road is the main retail strip within Kilbirnie and this property is strategically located in the middle, with a rear secondary frontage situated within a public carpark. Conveniently located 5 minutes to the Wellington Airport and 15 minutes from the CBD on a good day.
Recent changes to the Wellington District Plans has an updated maximum redevelopment build height to 35m, which opens up a number of future
development opportunities.

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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 Grant Young

Capital Commercial 2013 Limited

Licensed REAA 2008

+64 4 499 6022 +64 21 988 613 grant.young@bayleys.co.nz All Listings

Contact Sarah Lyford

Bayleys