The Wairarapa economy is growing faster than either Auckland or Wellington (Infometrics quarterly Economic Monitor to 30.9.18) and is not expected to slow anytime soon.
8-12 Perry Street is a property able to cater to growth. With an NBS rating of 70% it exceeds many other Wairarapa properties from which tenants will gradually vacate. It’s modern fit-out, concrete floors and very generous, open car park makes it an obvious choice for business.
With present office tenants, surveyors, engineers and accountants, plus Helloworld’s very smart ground floor tenancy 8-12 Perry Street provides definite pride of ownership – as well as opportunity for reasonably quick growth from leasing the 200m2 of retail space presently vacant.
» Office/retail investment – 73% leased – rental growth ahead
» Prime location
» Land: 1610m²
» Building: 1185m²
» Tenants including professionals and Helloworld
» Net rental $120,000 pa
» NBS 70%