- For sale
For SalePrivate 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