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Press Release – Bayleys A dire shortage of developable industrial land in the wider Wellington region, coupled with unrelentingly low vacancy rates across the sought-after established industrial precincts, underpins the value proposition of a Lower Hutt property with scale that … A dire shortage of developable industrial land in the wider Wellington region, coupled with unrelentingly low vacancy rates across the sought-after established industrial precincts, underpins the value proposition of a Lower Hutt property with scale that has come to the market. Almost 8,000 square metres of General Business-zoned land with supporting buildings – suitable for a significant upgrade or complete redevelopment – is for sale in the city’s most-contested precinct of Seaview/Gracefield.

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