4,598sqm
floor area
8,101sqm
land area
Lease term | New 12 year net lease to national tenant Booths Logistics |
Passing income | Net income $851,070pa + GST |
Floor area details | 4,598sqm building |
Land area breakdown | 8,101sqm land area |
For Sale: Deadline Private Treaty 27th March 2025 4pm.
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
www.propertyfiles.co.nz/property/89PortRoad
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
Licensed under the REA Act 2008
Mobile: +64 21 988 613 |
Office: +64 4 499 6022 |
grant.young@bayleys.co.nz |
Licensed under the REA Act 2008
Mobile: +64 21 964 828 |
Office: +64 4 499 6022 |
christian.taylor@bayleys.co.nz |
4,598sqm
floor area
8,101sqm
land area
Lease term | New 12 year net lease to national tenant Booths Logistics |
Passing income | Net income $851,070pa + GST |
Floor area details | 4,598sqm building |
Land area breakdown | 8,101sqm land area |
89 Port Road, Seaview
Open in mapLicensed under the REA Act 2008
Mobile: +64 21 988 613 |
Office: +64 4 499 6022 |
grant.young@bayleys.co.nz |
Licensed under the REA Act 2008
Mobile: +64 21 964 828 |
Office: +64 4 499 6022 |
christian.taylor@bayleys.co.nz |
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