CBRE Wellington
Real Estate Services
- Listing #:
- WGN100498
- Listed:
- 109 days ago
Price by negotiation
Receivership Sale: Significant Landholding, Upside Potential
9-15 Refreshment Place, Trentham, WellingtonIndustrial / Warehouse
-
- 9,903m2 Floor Area
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- 2.7 Hectares Land Area
About this property
A compelling opportunity to acquire a substantial Industrial property with significant development potential in the heart of Upper Hutt.On behalf of the receivership, CBRE is pleased to present 9-15 Refreshment Place, Trentham, Upper Hutt for sale. This large-scale industrial asset comprises of a four-bay warehouse, with two levels of interconnected offices, with a total net lettable area of 9,903.2sqm (approx). These improvements sit alongside a significant yard and car parking, offering outstanding value-add potential. The property is contained within five separate allotments, providing a total land holding of 27,699sqm.
Currently zoned for mixed-use under the operative Upper Hutt City District Plan, this area can be utilised for a wide range of activities, including residential, retail and light industrial. Currently offered with vacant possession, this property provides immediate flexibility for the incoming owner to leverage a well-maintained, well-located facility. Its ‘as is where is’ basis, combined with significant refurbishments and re-developments ensures well-presented tenancies and mitigates ongoing capital expenditure costs.
With Upper Hutt recording a low industrial vacancy rate of just 3.0% as of November 2023 and ongoing improvements to regional transport infrastructure, 9-15 Refreshment Place is perfectly positioned to deliver strong returns and long-term capital growth.
For sale by way of Receivership Tender closing 4pm, Thursday 18th September 2025 (NZST).
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