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Listed about 6 years ago

ID#417824

Petone

Lower Hutt
Tender
0
0
Approx
1,298
(≈13,971.54 sq.ft.)
proudly marketed by
Lisa Durrant
Team Wellington NAI
Lisa
027 474 0679
Message Me

Outstanding Development Potential - Investment with Income

First time ever marketed as a total package and owned by vendors for over 40 years, this is high-profile real estate located in the main retail and commercial area of Petone. It occupies what is undoubtably a very desirable parcel of land, including seven shops, eight flats, plus a two-bedroom cottage, workshop and two-bedroom flat.
Current commercial income: $171,237 PA (excl GST)
Current residential income $117,000 PA.
The income stream from leasing and renting will be a definite advantage to any purchaser considering short or long-term re-development plans.
Petone is currently undergoing both a residential apartment, retail and commercial growth phase, as a consequence large well-positioned parcels of land are difficult to obtain. Total combined land area: 1,298 square metres more or less.
143-153 Jackson Street: WN58A/220 Fee Simple 610m2 more or less, RV $1,830,000
155-159 Jackson Street: WN58A/221 Fee Simple 450m2 more or less, RV $1,150,000
46 Nelson Street: WN58A/222 Fee Simple 288m2 more or less, RV $500,000

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Agent

Lisa Durrant

Team Wellington NAI

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

Lisa Durrant has been involved in property for more than 25 years, so knows what it means to be a buyer, a seller, property investor and developer both in the city and rural areas. This experience is backed by many years working for award-winning newspapers writing and editing features, including lifestyle and property publications. She has also owned her own communications business and, along with her late husband, a number of well-known Wellington restaurants. Since relocating back to her home town of Wellington six years ago, Lisa has enjoyed a successful career in real estate residential sales. Last year saw her move to the commercial arena, which includes both sales and leasing, followed by her appointment to manage the Wellington commercial division of NAI Harcourts.

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This property was photographed by

David Garratt

Wellington Central/North

ID#417824

Petone

Lower Hutt
Tender
proudly marketed by
Lisa Durrant
Team Wellington NAI
Lisa
027 474 0679
Message Me

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