It has been said before but this time we do mean it, this is genuinely a renovate or detonate opportunity. The building is required to be strengthened or redeveloped prior to September next year. This 367sqm site is perfectly located for a multitude of uses, zoning permits residential use from the first floor up.
The shortage of commercial warehouse or workshop space through out the city lends the ground floor to a service related use with its proximity to the CBD and easy access to the main arterial routes it will appeal to future tenants or owner occupiers.
Under the current District Plan the site has a 27 metre height limit, under the recently adopted new spatial plan this could well be increased. Several new developments are planned in the area that is sure to see this precinct rapidly changing.
Currently the property consists of a very high stud workshop and warehouse with an internal one bedroom apartment.
• Vacant possession
• Seismic upgrade or demolition prior to September 2022
• Genuine detonate or renovate opportunity.
• Superb location