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6, Aglionby Street, Melling, Lower Hutt

Auction

Proposed Usage
Industrial
Description:
Property ID
1c23q21

On offer, a modern, high stud showroom, office, warehouse of 502sqm plus seven car parks, located just off one of Lower Hutts busiest arterial roads providing easy motorway access to the region.

Built in the mid 1990's with a seismic rating of 85% of NBS it is presented in immaculate condition and has occupied since 2013 by a multinational tenant which is part of the Huber Group, privately owned for 250 years and represented in 150 countries globally.

The tenant has just renewed for another 5 years at a rental of $82,780, with a CPI review to come in July this year.

This must represent one of our best investment offerings in this price in recent times.

• The building - built in the mid 1990's
• Seismic rating - 85% of NBS
• The tenant - Operating in New Zealand since 1990
• Part of the Huber Group - privately owned for 250 years with 150 branches globally
• Annual Rental - $69,500pa net + GST

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Melling Area