415-416 Maidstone Terrace, Upper Hutt Large Multi - Use Industrial Complex

Available PropertyFiles:

  • /1. Information Memorandum/
    • Tender_Maidstone Terrace, 415_416 Information Memorandum.pdf
  • /2. Lease Documents/
    • 20896290-1_Fully executed Deed of Lease - Unit A 415 Maidstone Terrace - Powerland and Kereru Brewing Company dated 29.03.2019.PDF
    • D.R Britton Agreement to Lease part of 415 Maidstone Tce, Upper Hutt.pdf
    • Tenancy Plan 415 Maidstone Tce Upper Hutt.pdf
  • /3. Rates/
    • 415 Maidstone Terrace_Rates.pdf
    • 416 Maidstone Terrace_Rates.pdf
  • /4. Titles/
    • 1139726_Title_415 Maidstone Terrace.pdf
    • 1139727_Title_416 Maistone Terrace.pdf

Property Description

Substantial, income-producing holding in the tightly held Maidstone/Upper Hutt industrial hub, combining large-scale industrial warehousing, helicopter facilities and a modern residential dwelling over two freehold titles – offering scale, power, and multiple value-add angles.

Lot 1 delivers approx. 10,346sqm of high-stud, column-free warehousing on 16,396sqm of land, configured into 9 individual tenancies with an attractive passing income and historically low vacancy. There is genuine owner-occupier upside with the ability to occupy circa 5,049sqm while retaining income from multiple established occupiers. A favourable Mixed-Use/industrial setting underpins long-term investment fundamentals.

Power and services are a major point of difference, with an onsite 11kVA transformer, 400 amps per phase throughout, and a 50kW solar panel system, supporting manufacturing, engineering, distribution and other power-intensive uses while improving operating efficiency and ESG appeal. The warehouse has been recently re-roofed, reducing near-term capital expenditure and de-risking the asset.

Lot 2 comprises a dedicated helicopter hangar and facilities of approx. 492sqm (with helipad, workshop, offices and staff amenities) plus approx. 7,500sqm of associated flat yard areas, providing rare aviation capability and further commercial potential. A contemporary 3-bedroom dwelling with generous living areas and modern kitchen offers flexibility as an owner’s residence, on-site manager’s home or additional rental income stream.

Significant areas of excess land on both titles and two separate street entrances create compelling value-add and development options, including additional buildings, complementary commercial uses or subdivision (subject to council approval). The property enjoys excellent access to key arterials and the wider Wellington region and is well served by local amenities and services.

Flexible purchase options are available, with the ability to acquire each lot independently or together as a combined holding.

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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 Christian Taylor

Capital Commercial (2013) Limited, Bayleys,

Licensed under the REA Act 2008

04 499 6022   021 964 828   christian.taylor@bayleys.co.nz   All Listings