156 ADELAIDE ROAD


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New design build retail premises on Adelaide Road. Sold 2006 to a private investor.

Landmark tenants in the area include Benchmark, McDonalds, and Pizza Hutt to name a few.



Lease Details:

  • Vehicle Testing New Zealand.
  • Term 12 years, two 6 year Rights of Renewal.
  • Rental review every 3 years.
  • Net lease of $165,000 + GST per annum.
  • All leasehold improvements by VTNZ.
  • Make good at the termination of the lease.

Benefits of the site:

  • 1190m² retail site.
  • Dual access with drive through to Hanson Lane at the rear.
  • Excellent exposure to Wellington’s southern suburbs – 21,000 cars per day.
  • Government expansion in the area with $350 million Hospital redevelopment.
  • Foodstuff’s recent purchase of the Benchmark site fronting John Street.


For more information contact:

City Living Group Ltd

Telephone: 
Facsimile:
Email:

+64 4 570 3310
+64 4 570 3317
graeme@CityLivingNZ.com or
peter@CityLivingNZ.com


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Every care has been taken to verify the accuracy of the information contained herein,
however no warranty is given and purchasers are advised to carry out their own investigation.