JLL is pleased to exclusively offer for sale the properties located at 2, 4 and 6 Pretoria Street for sale by negotiation
Currently, two stand-alone buildings of 1,600sqm of floor area provide ground floor retail with first floor offices. This property is multi-tenanted, with 7 tenancies across the two buildings providing a national tenant profile and potential net rental of $368,103 pa + GST when fully leased. Tenants include Tony's Tire Service, Wattyl and more, the property has been meticulously maintained to the highest standard, evidenced by the long term tenant tenure.
The real value of this property investment can truly be seen in the large under utilised land. Over 3 individual freehold titles totaling 2,010sqm on this high-profile Lower Hutt site. A rare commodity now, but will prove to be even more scarce as time goes by. Providing extraordinary development potential, the lot is zoned Central Commercial, with a height limit of 30 metres providing capacity for an estimated ten floor.
Key characteristics
- 2,010sqm land area
- Extraordinary development potential
- Zoned central commercial
- 30 metre height limit
As this will be a sought-after investment opportunity, all interested parties should make enquiries to Gary Hansen (021 211 1754) of JLL at their earliest convenience.