Offered to the market for the first time in nearly 29 years, this well-presented Kapiti Coast investment presents a compelling opportunity to secure a solid income-producing asset with a proven tenancy history.
Occupied by Oranga Tamariki, the property has enjoyed a long-standing Government tenancy, within a current six-year lease and a right of renewal due in April 2028 and again in 2031. With a approximate current net income of $94,428 per annum, this is an investment underpinned by an established tenant and a location that continues to strengthen.
Positioned on a high-profile corner within the iconic Kapiti Lights commercial precinct, this Unit Titled property comprises a 360sqm single-level building with a 100% NBS rating. The current configuration is purpose-built around the tenant's requirements, while offering flexibility for future occupiers and alternative uses should the opportunity arise.
Adding further weight to the investment proposition is its Metropolitan Zone zoning, arguably Paraparaumu's most sought-after commercial zoning, providing an attractive layer of long-term flexibility and future potential. The location is surrounded by an impressive mix of established commercial and retail operators, including Coastlands Shopping Centre, AA Customer Centre, Harcourts Real Estate head office, Public Trust, NZ Health School, Life Pharmacy, BP Service Station and Triton Hearing, reinforcing the precinct's established commercial credentials.
With prominent corner positioning and convenient access to both rail and bus connections, the property combines accessibility and profile in one of Kapiti's most recognisable commercial locations.
For investors seeking a Government-backed tenancy, established income, in a strong proven location, this is a rare opportunity to secure an asset that has remained tightly held for almost three decades.
For more information or to arrange a viewing contact:
Jo Stewart on 027 641 1680 [email protected]
Dean Anderson on 021 244 2931 [email protected]
*Please note all areas and values are approximate only.
Features:
* Established Government Tenant
* Secure Net Income
* High-Profile Corner Position
* Metropolitan Zone & Future Flexibility
