Property Description

7 Hartham Place represents a substantial multi-tenanted retail and office investment in one of Porirua CBD’s most established commercial locations. Positioned in close proximity to North City Shopping Centre and the wider city centre, the property benefits from a high-profile, highly accessible location with strong surrounding commercial activity.

The property has an outstanding leasing history, supported by a diverse mix of retail and office accommodation and rental levels that remain attractive to the local market. The ground-floor retail tenancies are well presented with tasteful existing fit-outs, while the upper-level office areas provide practical, functional accommodation suited to a broad range of occupiers. Abundant on-site parking further strengthens the leasing proposition and provides a genuine point of difference within the CBD.

The investment offers a strong existing income stream with diversified tenancy risk, while minor vacancies provide an immediate opportunity for a new owner to improve occupancy, increase cashflow and add value. Importantly, the property already presents well and does not rely on significant repositioning or capital expenditure to realise this upside.

With its proven leasing performance, affordable market positioning, strong location and identifiable opportunity to further strengthen the income, 7 Hartham Place presents as an attractive yield and cashflow investment with genuine short and medium-term upside.