A repositioning opportunity in the heart of Lower Hutt's High Street retail strip.
This two-storey commercial building offers established income from DTR and Leafy Green, while a vacant ground floor tenancy invites a new tenant to drive rental uplift on day one.
The standout play lies upstairs: a generous first floor ideally suited to conversion into inner-city residential apartments, tapping into Lower Hutt's chronic housing shortage and increasingly favourable intensification settings.
With strong street frontage, on-site parking and a flexible floorplate, holding income underwrites the development pathway.
Astute investors and developers seeking measurable upside through leasing, refurbishment and residential conversion should act decisively.
Inspect to appreciate the full potential on offer.
To obtain a copy of all supplementary documents please register your interest at www.propertyfiles.co.nz/129-131highstreet
- Profile central Hutt location
- Part leased - part vacant
- Add value by leasing up or converting to residential
- Potential net rental $152,637pa + GST
