Tommy's Commercial exclusively presents 156- 166 Main Street, Upper Hutt, for sale.
A high-profile commercial building occupying a prime main road position in Upper Hutt. Built circa 1970, 156/166 Main Street comprises of a single storey office building sitting on 978 square metres of highly coveted central land. The property has seismic rating of 70% NBS (2021).
166 Main Street is tenanted by Work and Income NZ (WINZ) c/o Ministry of Social Development.
156 Main Street is tenanted by Pizza Hutt.
With a current net income of $172,245, this property is a significant portfolio hold for any investor. The tenants have terms expiring in 2040 and 2041 respectively with market rent reviews throughout.
156-166 Main Street is well maintained and ready for long-term performance.
Key Highlights
• High profile location
• Secure tenancy
• Net Income $172,245 + GST pa (further market rent reviews to come)
• Well maintained
• Located in a noteworthy growth area of greater Wellington
Positioned in a high-traffic area within a thriving commercial precinct, this property will always attract businesses seeking a central location or investors looking for a quality asset in a growing region with secure long term tenants.
Further property information is available.
Ben Castle - [email protected] - 021 616 220
