Industrial | New Zealand | $2,300,000 | Net Yield: 7.23%
An immaculate freehold industrial investment positioned within one of Upper Hutt’s most tightly held industrial precincts. The property offers a strong covenant, well-maintained improvements, and a proven long-term tenant, providing a compelling opportunity for investors seeking stable income in a strategic Wellington submarket.
The building presents an ideal combination of functionality and presentation, featuring quality office and amenity facilities alongside efficient warehouse space. Well suited to both manufacturing and warehousing operations, the property benefits from dual roller door access, sealed yard areas, and modernised internal finishes.
Key Highlights
- Purchase Price: $2,300,000
- Net Yield: 7.23%
- Net Income: $175,000 p.a. + GST
- Net Lettable Area: approx. 1,230 sqm
- Land Area: approx. 1,576 sqm
- Tenure: Freehold
- Lease Term: Proposed 3-year net lease commencing at settlement
- Tenant: Long-established local operator (24 years in business)
- Zoning: Business Industrial (Upper Hutt District Plan)
- Seismic Strengthening: Vendor to complete upgrade to 100% NBS prior to settlement
- No known deferred maintenance
- Excellent accessibility to SH2 and Upper Hutt CBD
- Drive-through practicality with front and rear roller doors
- Architecturally presented and well-maintained improvements
report, bank fees)
Purchasing Costs
MORTGAGE COSTS
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