Prime Industrial Investment Rarely Available

Unit 1,4, Glover Street, Ngauranga, Wellington

By Negotiation

Proposed Usage
Development Site
Floor Area
443.00 m²
Property ID

CBRE is pleased to offer for sale by Deadline Private Treaty, Unit 1, 4 Glover Street, Ngauranga, Wellington.

The property comprises a two-storey industrial building strategically located on the northern side of Ngauranga, just 250m from State Highway 1, at the lower end of the western gate way to both Wellington and the Hutt Valley.

Unit 1, 4 Glover Street occupies a shared site area of approximately 2.2792ha, with 443sqm of Gross Floor Area (GFA). The premise provides excellent profile as Unit 1 is located at the entrance of the complex. The tenancy comprises a very tidy showroom, well appointed offices, storage and a clean high stud warehouse area with four on-site car parks. The property has been well maintained and developed for its exiting use.

Due to the strategic location of the Ngauranga Industrial area at the foot of the Ngauranga Gorge, and with such close proximity to Wellington City, premises in this area are always highly sought after when available for lease, evidenced by a vacancy rate of close to 1%.

Property Highlights:

* Showroom/office/warehouse
* Invest or occupy
* Monthly tenancy
* Holding income $55,523.48pa plus GST
* 443sqm Net Lettable Area
* Four individual on-site car parks
* Well maintained and managed
* Potential estimated market rent $68,657.00pa (NET) plus GST

Unit 1, 4 Glover Street, Ngauranga, Wellington is being offered for sale by Deadline Private Treaty, closing Wednesday 7 November 2018, at 4pm (unless sold prior).

CBRE strongly recommends your early consideration of this outstanding investment opportunity and encourages interested parties to get in touch without delay.

Enquire about this property

Ngauranga Area