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Mt Victoria

70-74 Kent Terrace, Mt Victoria, Wellington

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1,458sqm Land area SQM
90sqm Floor area

Dual-Frontage Opportunity - Once in 25 Years!


A rare opportunity to secure a landmark site in tightly held Kent Terrace, Mount Victoria. Held in the same ownership for 25 years, this generational offering provides flexibility for investors and developers alike.

Currently leased to Armstrong Motor Group, the site delivers a healthy annual income, allowing time for planning while offering future redevelopment potential. The lease includes redevelopment clauses, providing strategic options when you're ready to act.

For those seeking an immediate development prospect, consent is already in place for a six-story apartment building on the 371sqm Hania Street portion of the property.

With opportunities like this coming once in a generation, act now to secure your foothold in one of Wellington's most sought-after locations.

To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/70-74KentTerrace

• Exceptional location - Dual street frontages on Kent Terrace & Hania Street
• Flexible purchase options - Buy one or both sites
• Substantial landholding - 1,457.5sqm across three titles
• Strong holding income - Returning $230,215pa +GST

Tender

Level 14, 36 Brandon Street, Wellington

21
May

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Mark Walker

Mark Walker

Commercial and Industrial Sales and Leasing

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

Sarah Lyford

Commercial and Industrial Sales

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

Fraser Press

Commercial, Industrial and Retail Sales and Leasing

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

Features

Opportunity


A generational opportunity once in 25 years!

Land bank


Holding income allows you to landbank

Land area breakdown


1,457.5sqm over 3 titles

Planned development


Resource consented development on Hania Street site

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

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