Press Release – Bayleys A Crown-tenanted commercial property in the Lower Hutt suburb of Naenae has been placed on the market for sale, as its Kapiti Coast-based private investor owners wish to release capital for a new undertaking. img src ”https://img.scoop.co.nz/stories/images/2103/63a8fec60876065ffc57.jpeg” …
A Crown-tenanted commercial property in the Lower Hutt suburb of Naenae has been placed on the market for sale, as it’s Kapiti Coast-based private investor owners wish to release capital for a new undertaking.
2 Vogel Street
The Ministry of Social Development (MSD) has occupied the building at 2 Vogel Street, near its intersection with main arterial Cambridge Terrace, since 2005, and last year renewed its lease for a further nine years.
Wellington scoop co nz » Government tenant underpins value of Naenae building for sale scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.
Monday, 1 March 2021, 9:17 am
A Crown-tenanted commercial property in the Lower Hutt
suburb of Naenae has been placed on the market for sale, as
it’s Kapiti Coast-based private investor owners wish to
release capital for a new undertaking.
2 Vogel Street
The
Ministry of Social Development (MSD) has occupied the
building at 2 Vogel Street, near its intersection with main
arterial Cambridge Terrace, since 2005, and last year
renewed its lease for a further nine years.
The
property returns a gross income of $170,820 plus GST per
annum.
Johnny Curtis of Bayleys Wellington Commercial,
says MSD operates a Community Link client service centre
from the premises – understood to be among the