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For Sale

Private Treaty

The best of all worlds, mixed residential and commercial investment with the certainty of residential and the benefits of a commercial lease structure. 

Strengthened and renovated with code compliance certificate issued in October 2021. This asset offers you the ability to deduct interest*, single tenant on a new 5 year lease (easy to manage), tenant funded by MSD (sound covenant) and a twist with the potential opportunity to unit title at a future date.

Superbly renovated and repurposed featuring balconies to all apartments (other than ground floor) and defined growth in rent built into the lease. Add to this a massive transformation happening in Central Hutt with significant private sector investment in multiple residential apartment developments (over 100 apartments) and a 60 room Sebel Hotel opening in 2022. 

These astute investors / developers have taken advantage of the soon to start Riverlink project involving at least $700 million of public sector investment incorporating a new 4 lane traffic bridge connecting to  Queens Drive, a new pedestrian bridge connecting to Margaret Street (adjacent to 71 Dudley Street).

For more information or to arrange an inspection, please contact the Agents:

Tim Julian on 021 488 029 or email Tim.Julian@colliers.com

Ben Taylor on 022 375 5786 or email Ben.Taylor@colliers.com

Kieran Lennon on 021 137 1472 or email Kieran.Lennon@colliers.com

Tim Bowden on 021 863 507 or email Tim.Bowden@colliers.com

 

*Tax opinion available – purchasers should seek independent professional advice.



Ref #: 20827928