Wellington
Pacific Property Fund Limited

The original Ford Motor Company industrial property is located in Lower Hutt, just 20 minutes from the Wellington CBD.

Built in 1937, the property was converted to house multiple mixed-use tenancies after Ford vacated in 1988. The existing heritage-listed facade remains an iconic part of the building and the property has also undergone major structural strengthening work in recent years.

The title includes 118 Hutt Park Road – a modern warehouse and office facility built in 2015, which spans 1,200 sqm and is leased to United Industries.

  • Strategic industrial precinct: Located in one of Wellington’s most sought-after industrial areas
  • Diversified tenancy mix: Six tenants, including national infrastructure operator KiwiRail
  • Stable investment: 97.2% occupancy with a passing cap rate of 7.19%

Asset details

Asset Type
Industrial
Value
$41,500,000
Anchor Tenant
KiwiRail
Occupancy
97.2%
WALT
5.4 years
Tenants
6