Available PropertyFiles:

/1. Information Memorandum/
- IM - 89 Port Road, Seaview.pdf
/2. Insurance/
- 2024 Renewal Invoices and Schedules 5-7 Toop Street, Seaview..pdf
/3. Lease Documents/
- 20241017 Executed Deed of Lease - Honka Investment Ltd & Booths Logistics Ltd.pdf
/4. Seismic Information/
- Honka 89 Port Road Estimate to strengthen to 70%NBS.pdf
- Honka Investments 89 Port Road DSA for issue.pdf

Property Description

With very few passive industrial investments offered to the market since 2021 and the prospect of falling interest rates this year we anticipate strong interest in this property from astute investors.

The Vendor is serious about this divestment and it offers a lease with over 11 years left on the initial lease term, 3 yearly market reviews and a fully net lease.

Key features:
- Net Rent - $851,070 + GST (approx.)
- Over 11 years left on initial lease term
- Building area – 4,598sqm
- Land area – 8,101sqm
- Wellington’s main industrial location
- Quality tenant covenant

To further understand the opportunity, contact the Joint sole agents today for more details:
Bayleys:
Christian Taylor on Phone: + 64 21 964 828 or Email: Christian.taylor@bayleys.co.nz
Grant Young on Phone: + 64 21 988 613 or Email: Grant.young@bayleys.co.nz

Colliers:
Kieran Lennon on Phone: +64 21 137 1472 or Email: kieran.lennon@collierswgtn.co.nz
Tim Julian on Phone: +64 21 488 029 or Email: tim.julian@collierswgtn.co.nz

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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 Christian Taylor

Capital Commercial (2013) Limited, Bayleys,

Licensed under the REA Act 2008