Modern Industrial Investment - Preferred Location

9-13, Wareham Place, Seaview, Lower Hutt

Auction

Proposed Usage
Industrial
Description:
Property ID
1c76kjv

First time on the market since the property was built in 2007. Currently configured as two tenancies with inbuilt services giving it the capability to be four.

Efficient carrying have just exercised their last right of renewal with a rent review just completed. Wakefield metals have renewal and review due in April 2020.

Both existing tenants have occupied these premises since construction was completed. With leases which insulate you from increases in rates and insurance premiums you have the complete package.

Currently returning $262,365 with rental upside, the property features high stud and modern fit outs with quality concrete aprons and is located in Wellington's preferred industrial precinct.
To obtain copies of all supplementary documents please visit:
www.propertyfiles.co.nz/9-13warehamplace


• What is it today? Two long standing national tenants
• What it could be? Versatile tenancies that can be further developed
• What is its seismic rating? 85% NBS (New Building Standard)
• What could its rent be? Total potential net rental $289,953 + GST

Enquire about this property

Seaview Area