The Opportunity

Industrially zoned land in Wellington is growing ever scarcer! This is your opportunity to invest in some of the best located land in the region with a 10 year leaseback to a blue chip tenant.

Features
• Net rent $767,130pa + GST
• 10 year net lease with built in growth
• Land area – 24,764m²
• A grade tenant covenant
• Premier industrial location
• 12 minutes to Wellington CBD

For Sale by Deadline Private Treaty 6th March 2024 14:00:00 (Unless sold prior)

Highlights

Land Area - 24,764sqm

The supply and demand equation suggests that there will be continued regional demand and with Fletcher Building presenting over 24,000sqm of industrial land to the market this makes for a rare market offering.

A grade tenant covenant

With a new lease in place to the purchaser offering 3.0% p.a. rental adjustments, and 5 yearly market rent reviews on a fully net lease + potential for add value / intensification for either Fletchers or for another occupier beyond the Fletcher lease term(s), call us now to book your inspection!