Last sold 20 years ago, this property has provided a reliable income to the current owners. Fully leased and anchored by BNZ and Floating Rock the property is well presented and provides a good spread of risk across 5 tenants.
In 2020, 32-34 Bay Road underwent seismic strengthening to achieve an attractive NBS rating of 90%.
Bay Road is the main retail strip within Kilbirnie and this property is strategically located in the middle, with a rear secondary frontage situated within a public carpark. Conveniently located 5 minutes to the Wellington Airport and 15 minutes from the CBD on a good day.
Recent changes to the Wellington District Plans has an updated maximum redevelopment build height to 35m, which opens up a number of future development opportunities.
• Fully leased, anchored by BNZ and Floating Rock
• Returning approximately $343,193 + GST pa
• Strengthened to 90% NBS in 2020
To obtain copies of all supplementary documents please register your details at https://www.propertyfiles.co.nz/property/32to34bayroad