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Karori

262-264 Karori Road, Karori, Wellington

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348sqm Floor area
473sqm Land area SQM

For Sale by Negotiation

Rare value add opportunity in Karori


The property comprises a two level building with rear access to an unbuilt yard area of approximately 250sqm.
Comprising of two retail tenancies on the ground floor and what was a 5 bedroom flat more recently used as offices on the first floor, only one of the ground floor tenancies is currently leased to Brumby's Bakery and provides a holding income of$40,000pa gross + GST.
The strategic location in the heart of Karori, opposite the library, adjacent to bus stops and within walking distance of supermarkets, service stations and Karori Mall adds massive potential and appeal to the property. This could be the perfect opportunity to relocate your business to the suburbs.
In a market starved of quality add-value suburban opportunities, this is a chance to secure a freehold building with huge upside - do not miss this one!
To obtain copies of all supplementary documents please register your details at https://www.propertyfiles.co.nz/property/262to264karoriroad


• Prime central Karori location
• Close to public transport and amenities
• Two storey building with undeveloped land and rear access
• Potential income as is of $130,500pa + GST gross

Bhakti Mistry

Bhakti Mistry


Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Fraser Press

Fraser Press


Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Johnny Curtis

Johnny Curtis


Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Features


Close to public transport and amenities

Income


Potential income as is of $130,500pa + GST gross

Location


Prime central Karori location

Opportunity


Two storey building with undeveloped land and rear access