Industrial warehouse and workshop property to be sold by auction at 465 Jackson Street, Petone, Lower Hutt.
Industrial warehouse and workshop property to be sold by auction at 465 Jackson Street, Petone, Lower Hutt.
A Lower Hutt freehold warehouse and workshop property with first floor offices and ground floor amenities is up for auction early next month.
"This tidy industrial property at 465 Jackson Street is in a progressive Petone location close to major transport routes," says Paul Cudby of Bayleys Wellington who, withcolleague Andrew Smith, is marketing it for sale by auction at 11 am on Thursday, March 5, on Level 14, of the Bayleys Building, 36 Brandon St, Wellington.
"The property earns $53,000 per annum plus GST until early 2016 making it an ideal owner occupier opportunity.The total area of 715 sq m is made up of 415 sq m of warehouse space, 172 sq m in first floor office area and 128 sq of mezzanine storage," Cudby says.
"The 498 sq m site has rear access under the east side of the first floor offices and is well located towards the eastern end of Jackson Street."
Cudby says building construction is of reinforced concrete or concrete block walls to the east and west, with a variety of claddings and infills to the balance. The steel roof is supported by timber purlins over steel portal frames. The first floor offices are supported by reinforced concrete columns, and benefit from natural light from two sides creating a bright and pleasant working environment.
Smith says the property is zoned General Business and is leased to Pump & Machinery Co Limited for a three year term commencing April 1, 2013, and expiring March 31 next year. The operating expenses are paid by the tenant.
"The reasons why Petone is popular as an industrial location are clear and simple," Smith says. "It's easy to get into and easy to get out of, has a vibrant commercial area with cafes, restaurants and good shopping, and the parking is easy."
"This property occupies a strategic position on the north side of Jackson St allowing ease of access to Seaview and Gracefield, while having all the benefits of its Petone location."
A group of small to medium sized industrial properties neighbour 465 Jackson St including a number of owner occupier properties.
Directly opposite the warehouse and office buildings is the Unilever complex which has recently been sold to one of Wellington's most proactive investors who has expressed the intention of revitalising the complex.
