Development Site With Holding Income


34 Main Road, Tawa

By Negotiation

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Development Site With Holding Income | 34 Main Road, Tawa | 3300831 |      X Close
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Description

Development Site With Holding Income


This freehold site is a prime positioned investment and development opportunity located on the Eastern side of Main Road, the main arterial route of Tawa, Wellington.

Total Land Area: 1,016m²

Frontage width: 26.12 metres, Rear width: 24.63 metres

Depth: Averaging 40 metres

Floor Area: 200m² (Approximately)

This property provides an investor/developer flexibility, with long standing tenants providing holding income on month to month leases. Located next-door to Wellington's Outlet City, a popular shopping mall, renown for best brands at lowest prices, and Chipmunks Playground and Cafe a fun filled experience for children and families.

Tawa is in the Northern region of Wellington, the creative capital of New Zealand (rated one of the best cities in the World). The region is currently undergoing a huge amount of gentrification with new infrastructure & residential developments in progress and is just 16.2km (16 mins drive) from the Wellington CBD.

Nearby Ammenities:

Outlet City Shopping & Cafe (120m/ 2 min walk)

Nada Bakery (450m/ 6 min walk)

Countdown Supermarket (850m/ 1 min drive)

Transportation:

Main Road Bus Stop (200m/ 3 min walk)

Takapu Road Railway Station (500m/ 6 min walk)

State Highway 1 (1km/ 2 min drive)

Healthcare:

Unichem Pharmacy (1.6km/ 3 min drive)

Porirua Hospital (5km/ 8 min drive)

Parks & Recreation:

Redwood Park (300m/ 4 min walk)

Tawa Squash Club (300m/ 4 min walk)

Willowbank Reserve (500m/ 7 min walk)

North Wellington Badminton (1.2km/ 15 min walk)

Taylor Park Tennis Courts (1.2km/ 15 min walk)

Education & Learning

Kindercare Learning Centres (250m/ 4 min walk)

ABC Redwood Childcare (250m/ 4 min walk)

Redwood School (300m/ 4 min walk)

St Francis Xavier (500m/ 7 min walk)

Tawa College (3.2km/ 3 min drive)

The Vendor has supplied plans for potential development, however these have not been submitted for approval and await a willing developer.

Marketed exclusively by Bayleys.

Register your interest and request an information memorandum.