Opportunities to acquire a fully leased industrial property in Ngauranga Gorge are exceptionally rare. Widely regarded as Wellington’s premier industrial precinct, Ngauranga is tightly held due to its unparalleled centrality and enduring tenant demand.
Often described as “10 minutes from everywhere”, Ngauranga offers immediate access to Wellington CBD, the Hutt Valley and Porirua, making it one of the region’s most strategically located industrial hubs. As a result, properties in this location lease quickly and benefit from long-term occupancy.
Unit I, 20 Glover Street forms part of the well-established Glover Street Business Park, a respected seven-unit development constructed in the late 1980s and subsequently strengthened. The unit is supported by generous on-site parking, with 21 spaces in total (18 formal and 3 informal), a notable advantage for tenants and a rarity in comparable assets.
The property enjoys excellent connectivity, with direct access to key arterial transport routes and efficient travel times of approximately 10 minutes to Wellington CBD, 15–25 minutes to Lower Hutt, and 10–15 minutes to Porirua. This level of accessibility underpins sustained tenant demand and long-term investment performance.
The building is fully leased to two tenants, providing diversified income and reduced vacancy risk, appealing to investors seeking stable and defensive cash flow.
This is a tightly held location and a compelling industrial investment underpinned by strong fundamentals. We commend this property to investors seeking secure income in a proven Wellington industrial precinct.
Contact our brokers for 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 floor areas are approximate only
Features:
- Central location close to Wellington CBD
- Excellent access to key transport routes servicing the wider Wellington region
- 70% NBS (approx.) following strengthening works completed in 2016/17
- Net income of $315,000 + GST (approx.)
- 18 on-site car parks plus 3 informal (21 total)
- Tightly held location
More information: https://www.colliers.co.nz/p-NZL67038564
