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Te Aro

272 Wakefield Street, Te Aro, Wellington

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830sqm Floor area
311sqm Land area SQM

Tender

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

Tender

Level 14, The Bayleys Building, 36 Brandon Street, Wellington, 6011

25

Oct

Time4pm
Calander
Calendar
Mark Sherlock

Mark Sherlock

Commercial and Industrial Sales

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

Features

Add value


An outstanding chance to add value

Location


Tightly held - properties in this location are rarely available

Opportunity


Holding income - potential net income $140,000

Available


Entire building - three titles, one building - first time in 30 years