272 Wakefield Street, Te Aro, Wellington

Tightly held Courtenay Precinct

This is a unique opportunity to acquire all of the interest in this character building for the first time in 30 years. The current owners have decided to sell rather than collectively undertake seismic upgrading, leaving the door open for an add value investor or developer.

Currently the building is configured with three warehouse style apartments including a two bedroom, three bedroom and a four bedroom penthouse.

The ground floor comprises high stud workshop/retail accommodation that would suit a range of uses.

There is plenty of scope here to add value and enjoy a decent holding income while planning is undertaken.

To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/272WakefieldStreet

• Attractive character three level building
• Ground floor commercial plus three apartments
• Excellent potential holding income
• Add value through seismic strengthening