Substantial, income-producing holding in the tightly held Maidstone/Upper Hutt industrial hub, combining large-scale industrial warehousing, helicopter facilities and a modern residential dwelling over two freehold titles - offering scale, power, and multiple value-add angles.
Lot 1 delivers approx. 10,346sqm of high-stud, column-free warehousing on 16,396sqm of land, configured into 9 individual tenancies with an attractive passing income and historically low vacancy. There is genuine owner-occupier upside with the ability to occupy circa 5,049sqm while retaining income from multiple established occupiers. A favourable Mixed-Use/industrial setting underpins long-term investment fundamentals.
Power and services are a major point of difference, with an onsite 11kVA transformer, 400 amps per phase throughout, and a 50kW solar panel system, supporting manufacturing, engineering, distribution and other power-intensive uses while improving operating efficiency and ESG appeal. The warehouse has been recently re-roofed, reducing near-term capital expenditure and de-risking the asset.
Lot 2 comprises a dedicated helicopter hangar and facilities of approx. 492sqm (with helipad, workshop, offices and staff amenities) plus approx. 7,500sqm of associated flat yard areas, providing rare aviation capability and further commercial potential. A contemporary 3-bedroom dwelling with generous living areas and modern kitchen offers flexibility as an owner's residence, on-site manager's home or additional rental income stream.
Significant areas of excess land on both titles and two separate street entrances create compelling value-add and development options, including additional buildings, complementary commercial uses or subdivision (subject to council approval). The property enjoys excellent access to key arterials and the wider Wellington region and is well served by local amenities and services.
Flexible purchase options are available, with the ability to acquire each lot independently or together as a combined holding.
To obtain a copy of all supplementary documents please register your interest at www.propertyfiles.co.nz/415-416maidstoneterrace
