1/103 Hutt Park Road, Gracefield, Lower Hutt

Pole position in Gracefield

1/103 Hutt Park Road represents an outstanding commercial investment opportunity on a prime corner location. This warehouse, office, and yard offer versatility and strong security from the tenant. Seven Electrical is a well-established business that has won multiple awards for some of the largest and prominent developments in Wellington, now benefitting from Aotea Group as their major shareholder.

They have occupied this site for approximately 20 years. Strategically positioned within Seaview/Gracefield's thriving business precinct, this location offers easy access to State Highway 2, key transport links, and a dynamic mix of trade suppliers, industrial manufacturing, and warehouse/distribution. A new Engineer's Report (DSA) places the building at 55% NBS and with very simple strengthening (estimated cost of $12,607 + GST) could achieve at least 70% NBS.

This is an excellent opportunity for investors seeking strong tenant security, a prime location, and a hassle-free commercial asset.

To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/1_103HuttParkRoad

• New 7 year net lease from November 2024
• New DSA just completed
• Net rental $123,181pa + GST