Secure a strategic commercial investment anchored by one of New Zealand’s most recognised banking institutions. This brand-new (2025) A-grade commercial property offers investors the rare combination of modern construction, premium tenant covenant, and long-term income security in the heart of Levin.
Positioned prominently on 708sqm (more or less) of freehold land at the highly sought-after northern end of Levin’s main retail precinct, adjoining the Woolworths Supermarket and in very close proximity to McDonalds and The Warehouse. The property comprises approximately 248sqm of high-quality commercial accommodation purpose-built for Westpac’s continued occupation.
Having serviced the Levin community for many years, Westpac has recently relocated to 279 Oxford Street as part of a strategic upgrade and modernisation of its local banking facilities, reinforcing its long-term commitment to Levin and the wider Horowhenua region.
Investors will appreciate the outstanding lease fundamentals, including a new 7-year lease (commenced 24 March 2025) with rights of renewal of 2 + 5 years, strong returning net income of $127,720 + GST per annum with annual rental growth provisions – plus the security of an internationally recognised banking tenant.
Constructed to the latest building standards and compliance requirements, the property delivers exceptional presentation, low-maintenance ownership, and strong future-proofing credentials — all key considerations for discerning commercial investors.
This is a premium investment opportunity offering enduring tenant quality, passive ownership, and dependable cash flow from day one.
Easy care. Strong covenant. Long-term confidence.
For more information or to arrange a viewing contact:
Dean Anderson on 021 244 2931 dean.anderson@colliers.com
Angus Findlay on 021 266 8694 angus.findlay@colliers.com
Alan Pye on 027 518 1909 alan.pye@colliers.com
*Please note all areas, boundary lines and values are approximate only.
Features:
- Secure 7-year lease in place
- Modern, low-maintenance asset
- Prime Levin retail location
- Returning $127,720 + GST PA
More information: https://www.colliers.co.nz/p-NZL67040318
