Motivated to sell - 7 apartments and 3 retail
All seven apartments and three ground floor retail units in this standalone Hutt Central building are offered together, giving you control of the whole property.
The apartments range from one-bedroom units through to four bedrooms, with some leased and some vacant.
The three retail units front Dudley Street and are split into four tenancies, once again, part leased and part vacant.
The property further benefits from parking at the rear off the Daly Street service lane.
Located towards half way along Dudley Street, beside the walkway linking High Street to the riverbank, the property enjoys three sides of natural light.
It is a short walk from Queensgate and sits opposite the no expense spared Riverlink Project, a programme reconnecting the city centre with the river through a new riverside park, a pedestrian and cycle bridge linking the city to a relocated Melling station, and a new Melling interchange onto State Highway 2 with completion targeted for around 2031.
Riverlink is set to lift the appeal of central city living and retail. Central Commercial zoning allows a broad mix of retail, office and residential use, and height limits have been removed.
There is real scope to add value. Refurbish and strengthen the building or lease up the apartments and any vacant retail space and create a cash cow with income from eleven tenancies in ten separate units.
The apartments range from one-bedroom units through to four bedrooms, with some leased and some vacant.
The three retail units front Dudley Street and are split into four tenancies, once again, part leased and part vacant.
The property further benefits from parking at the rear off the Daly Street service lane.
Located towards half way along Dudley Street, beside the walkway linking High Street to the riverbank, the property enjoys three sides of natural light.
It is a short walk from Queensgate and sits opposite the no expense spared Riverlink Project, a programme reconnecting the city centre with the river through a new riverside park, a pedestrian and cycle bridge linking the city to a relocated Melling station, and a new Melling interchange onto State Highway 2 with completion targeted for around 2031.
Riverlink is set to lift the appeal of central city living and retail. Central Commercial zoning allows a broad mix of retail, office and residential use, and height limits have been removed.
There is real scope to add value. Refurbish and strengthen the building or lease up the apartments and any vacant retail space and create a cash cow with income from eleven tenancies in ten separate units.
Key features
Multi-use
Ground floor retail with apartments above
Floor area details
Approx. 1,300sqm on a 418sqm site
Location
Heart of the Lower Hutt CBD, beside the walkway to the riverbank
