9-11 Ratanui Street presents a substantial freehold office investment in the heart of Henderson, fully leased to the Ministry of Justice on a new eight-year term from April 2025. Occupying a prominent position within the Metropolitan Centre Zone, the property comprises a 3,356sqm office complex on a 1,981sqm freehold site, generating a net rental income of $865,989 per annum plus GST.
Originally developed as the Waitākere District Court, the property has undergone extensive refurbishment and capital upgrades in recent years, including a new roof, new chiller plant, upgraded amenities and comprehensive building services improvements. These works have significantly enhanced the asset's condition while reducing future maintenance requirements.
With a strong government covenant, fixed annual rental growth and substantial recent investment in the building, 9-11 Ratanui Street offers investors secure income backed by a well-maintained and future-focused asset.
Key Features
- Freehold site of 1,981sqm (more or less)
- 3,356sqm office building with 26 on-site car parks
- Fully leased to the Ministry of Justice
- New 8-year lease commencing 1 April 2025
- Net rental income of $865,989 p.a. + GST
- Fixed 2% annual rental increases
- Metropolitan Centre Zone
- Extensive recent capital works completed
- New roof and chiller plant installed
- Refurbished asset with reduced maintenance profile
For more information or to arrange a viewing, contact the brokers today.
Caroline Cornish
021 390 759
Nelson Raines
021 555 673
Michael van der Putten
021 055 1049
Features:
- Freehold site of 1,981sqm (approx)
- 3,356sqm office building with 26 on-site car parks
- New roof and chiller plant installed
- New 8-year lease
- Net rental income of $865,989 p.a. + GST
- Fixed 2% annual rental increases
- Metropolitan Centre Zone
More information: https://www.colliers.co.nz/p-NZL67041808
