A big warehouse and office complex with long-established tenants is for sale half-way up Ngauranga Gorge in Wellington.
With industrial vacancy levels in the Ngauranga precinct tracking below those in other parts of the Wellington region, the property is expected to draw strong interest from investors, says Grant Young of Bayleys Wellington, who is marketing 1 Lower Tyers Rd for sale by tenders closing on Wednesday, June 28.
Young says warehouse and office building was purpose-built for its long-standing tenants, The Information Management Group (TIMG), in 1999 and was last sold in 2009.
TIMG is a provider of specialist secure document storage and document destruction services and is part of the Freightways group of businesses which includes NZ Couriers, Post Haste and DX Mail. There are TIMG branches across the North Island and in Christchurch.
Young says the building has around 4000sq m of warehousing and around 700sq m of predominantly first floor office space. It has a secure electronic vault and staff amenities on the ground floor of the building and parking for 30 cars in the securely-fenced yard.