Introducing a remarkable commerical investment in the heart of Newtown, This property is a fantastic opportunity for astute investors looking for a secure, long-term income stream.

The investment comes with a 5 -year and 5 months net lease to KPC Laundry Limited from the 1st of Novenmber 2023 with 2 further right of renewal of 5 years. This lease guarantees a secure and predictable income for the foreseeable future, making it a reliable addition to your investment portfolio.

The size of the site also makes it ripe for redevelopment if the tenant decideds to leave at the end of the lease term, whilst having great holding income.

The single-level 783sqm building offers a spacious and flexible layout for the tenant's operations with rear loading. Additionally, the rear mezzanine provides extra space for storage or office use. With ample car parking for up to 12 vehicles,

Investors looking for a stable income stream in the thriving Wellington market will appreciate this opportunity. With a quality tenant in place and excellent future potential, this property promises not only financial security but also long-term capital growth.

To obtain copies of all supplementary documents please register your details at https://www.propertyfiles.co.nz/property/2to6wilsonstreet