Affordable Investment in Wingate’s Industrial Precinct
An affordable and versatile offering in the Hutt Valley
November 2021 – A great opportunity to secure a dual unit title office property in a prime location is finally here.
80 Eastern Hutt Road is prominently situated on a main arterial route on the east of the Hutt Valley. The property is conveniently located with close proximity to both Wingate and Taita railway stations and easy access to state Highway 2 which allows connection to both Lower Hutt CBD, Upper Hutt, and Wellington CBD within 18 minutes.
The two units, Unit 18 and 20 feature a total of 296sqm floor area with well-presented and partitioned commercial offices over 2 floors situated on a 7,638sqm land area, and offers 9 onsite car parks allowing for both staff and visitor parking right at the door.
The property was built circa 1980-89 and has been well maintained. There are shared refurbished staff facilities on the ground floor and kitchens on both floors.
JLL are proud to offer Units 18 & 20, 80 Eastern Hutt Road, Lower Hutt to the market for sale by Public Deadline Private Treaty closing 4:00 pm Wednesday 8 December 2021.
JLL Sales and Leasing Broker Gary Hansen says investment opportunities such as this rarely come by.
“The location of this commercial asset offers prime visibility and positioning, with high traffic flows enabling business profile and exposure.” says Hansen.
“80 Eastern Hutt Road is a high-profile property, sitting in a prominent stand-alone location at the front of the complex. The area is characterised by larger format industrial buildings containing both tenants and owner occupier, such as LG Andersons, Harvey Norman Distribution Warehouse, Moore Wilsons, and Fraser Engineering”
Hansen also added that 80 Eastern Hutt Road offers purchasers an exceptional investment.
“This is an exciting and rare investment opportunity for a commercial property in a desired location, a development opportunity, a favourable significant number of carparks, a secure 3-year lease structure, established tenant, and a potential annual return of $56,000”, says Hansen
Interested parties should contact the sole agent for more information.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.