In Te Aro there is a shortage of two things. Service buildings for owner occupiers and land for development, and these shortages go hand in hand, business owners want to own, developers need to build.
After 40 years in one family this property will appeal to both groups of buyers. With a substantial high stud workshop and parking for at least 10 cars it simply works for the owner occupier.
A land area of 582sqm and a height limit of 27m by right it has to work for the developer.
Or as an astute add value investor to do you buy, hold and lease for a future development?
There are multiple options here!