• Long-standing government tenant with over 20 years of continuous occupation
• 651.15sqm tenancy leased through to November 2028 with two 3-year renewal options
• Key upgrades: tenant-funded internal refit and lighting, owner-funded HVAC replacement
• Landlord-passing income of $132,295.78 + GST per annum
• Building has a 70–75% NBS seismic rating
The property is securely underpinned by a proven government occupier with no plans to relocate, evidenced by significant investment into the 651.15sqm tenancy in recent years.
The existing lease provides near-term income certainty, with further renewal options offering the potential for long-term cashflow through to 2034. Recent capital works by both the tenant and owner, combined with a 70–75% NBS rating, materially reduce future expenditure and risk, positioning this as a highly defensive, low-risk investment opportunity.
For more details please visit: https://www.propertyfiles.co.nz/5529352
Contact the sole agent, Levi Dwan.
