Leased depot site available for tender

Last updated 11:19 16/06/2012

Relevant offers

Commercial Property

Wellington leaky home case could be settled for $270k DNZ cashes in on Ngauranga sales Huge Kmart store plan for Petone Developer snaps up Unilever site Home building dips in September quarter Westpac Stadium ready for revamp says designer Go-ahead for Hutt hotel development New notice due to fix leaky PwC building Waikanae set for growth Bunnings sets sights on Te Puni Mail Centre

The Fresh Direct warehouse property in Takapu Rd, Grenada, is up for tender.

Bayleys agent Colin Hodge said the 8111-square-metre depot worked well for its anchor tenant and Fresh Direct had a six-year lease from last November with a further two, three-year rights of renewal.

Turners & Growers and market gardeners MG Marketing also have their bases in the same area, which is just off the Wellington-Porirua motorway.

Fresh Direct was paying a net annual lease of $200,000 plus GST and Alpha Interiors Wellington, which has a small warehouse/office building at the front of the property, was paying another $21,000 a year.

The property, which has a total lettable area of 3136sqm, has a rating value of $1,775,000.

Hodge said the main building consisted of four semi-detached warehouse units.

 

Ad Feedback

- The Dominion Post

Special offers
Opinion poll

Do you rent or own your home?

Rent alone

Rent with others

Own with mortgage

Own freehold

Vote Result

Related story: $1m-plus in unclaimed bonds

Featured Promotions

Sponsored Content