A rare opportunity to secure a high‑quality passive investment underpinned by a long‑term government lease. This modern, well‑presented property offers a strong seismic rating, minimal management requirements, and a reliable income stream, with the government tenant contributing the majority of the gross rental.
Assets of this calibre seldom come to market. Investors seeking stability, simplicity, and long‑term security should give serious consideration to 167–175 High Street, Lower Hutt.
For further information or to arrange a private inspection, please contact the listing brokers.
Contact now to arrange an inspection or to obtain further information.
Tim Julian on 021 488 029 or tim.julian@colliers.com
Kieran Lennon 021 137 1472 or kieran.lennon@colliers.com
*Please note all areas and values are approximates only.
Features:
- Net Income $596,780.28 + GST (approx.)
- Dual street frontage connected by Council walkway
- Fixed rental growth for MSD and BFT Gym tenancies
- 81% New Building Standard (IL2)
- Close to amenities and the new RiverLink pro
- Off-street car parking available
- Modern, low-maintenance building with generous stud height
More information: https://www.colliers.co.nz/p-NZL67038700
