Gracefield, Lower Hutt City

This unique offering combines secure investment income with significant future development potential, making it an ideal acquisition for astute investors.Part One: A substantial 1,500sqm (approximately), two-storey office and data storage facility, purpose-built and well-maintained. The property includes 15 on-site car parks and is leased to One NZ under a brand new five-year net lease with further rights of renewal - delivering long-term, reliable income backed by a bluechip tenant.Part Two: A 517sqm parcel of land, offered with vacant possession, prominently located on the corner of Hutt Park Road and Parkside Road. This standalone site presents flexibility and future upside in a high-profile position.To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/40and56parksideroad A-grade tenant covenantNew five-year net leasebackFixed annual rental growthNet income of $277,309pa + GST