Located in one of the Hutt Valley’s most prestigious residential suburbs, Boulcott Village is a boutique service and office complex.
With a diverse income stream from 10 tenants and great off street parking the property represents a very defensive investment with a long history of maintaining excellent occupancy rates. The property is a short walk to both Hutt Public Hospital and Boulcott Hospital and in the immediate vicinity are a range of popular food outlets including the perennially popular Janus Bakery and café.
Businesses within the complex are wide ranging and include accountants, professional offices, beauticians, and multiple health related industries benefiting from proximity to the hospitals.
The well-presented simple weatherboard clad structure comprises both single storey and 2 storey office/studios with covered walk ways and on-site parking, sympathetic in scale to the surrounding high end homes.
With 10 tenancies ranging from just 40-80m² this offers a low-risk investment opportunity which will effectively convert economic and population growth in the Hutt Valley to value growth in the future.
For more information or to arrange an inspection contact:
Tim Julian 021 488 029 or email [email protected]
Ben Taylor 022 375 5786 or email [email protected]
*Please note all floor areas are approximates only
Features:
* Fully leased
* Scope of rental growth
* 70% NBS (2024 ISA)
* 556m² NLA across 10 units
* Net passing income approx $97,000 + GST
* Consistently maintained a high occupancy rate.
