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Home / Property

One floor up to rent in Lower Hutt

By True Commercial
NZ Herald·
6 Nov, 2018 04:00 PM3 mins to read

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The second floor is available for lease, at 40-44 Queens Dr. Photo / Supplied

The second floor is available for lease, at 40-44 Queens Dr. Photo / Supplied

A spacious, newly refurbished office floor for lease in down town Lower Hutt will go some way towards alleviating the space demand in Wellington's low-vacancy office market.

Occupying the second floor of 40-44 Queens Dr, the 632.7sq m office space is within the city's fast-revitalising civic centre.

A Colliers International leasing specialist, Janette Lillas, sees the opportunity to secure well-appointed space in a tight market.

"Wellington CBD office space is much harder to find since the Kaikoura earthquake, making tenancies in Lower Hutt increasingly attractive.

"With a lack of quality stock, this property is sure to be a real thirst-quencher for tenants struggling to find space. The whole floor is available to occupy now, with flexible lease terms and incentives on offer."

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The office is fully refurbished to quality modern standards, with new carpet tiles and a new kitchenette.

"The space has very good natural light, with nearly full-height windows wrapping around three of the four external walls. It has a 2.5m stud height, flush recessed lighting; and is equipped with centrally-controlled air conditioning, heat and smoke detectors and fire sprinklers."

The tenancy is within an eight-level commercial building professionally managed by the Colliers real estate management team.

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The building overall is in good condition with a good seismic rating, meeting 75 per cent of new building standards, based on a detailed seismic assessment.

Some car parking is available, with additional parking available across the street in a third-party location.

Lillas says the property is only a three-minute walk to Queensgate shopping centre and a one-minute walk to the courts and civic centre.

"From this prime central location, the office is well positioned to benefit from Lower Hutt's ongoing urban regeneration. It is a stone's throw from the Riddiford Garden park, which has undergone a substantial transformation with new facilities and landscaping. The newly-opened Lower Hutt Events Centre, Dowse Square and the redeveloped council administration buildings are also close by."

Lillas says private investment is transforming the area.

"The new four-star Sebel Hotel, under construction around the corner, will have 60 rooms over six levels. The project is expected to cost up to $15m and will contribute significantly to the fabric of the area."

Lillas says that due to these developments, the office floor for lease represents a timely opportunity to occupy a full floor in one of the Wellington region's fastest-revitalising areas.

"In addition, Lower Hutt has a huge edge transport wise, as the Hutt Valley Line provides one of New Zealand's most convenient and efficient urban commuter train links."

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