Lower Hutt

Listed over 1 year ago
Agency Listing Number: WL10384
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Property Details

Lower Hutt

Built In
N/A Approx 1,298 m²
(0.32 Acres, 0.13 Ha)

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

Tender Details

Location: Harcourts, Wellington City Office, 54-56 Cambridge Terrace, Wellington
Time: Thursday 5th July - 12.00pm (will not be sold prior)

Sales Consultants

Lisa Durrant

Team Wellington NAI
Licensed Real Estate Salesperson (REAA 2008)
Member of the REINZ
Phone: 04 803 1728
A/H Phone: 027 474 0679
Mobile: 027 474 0679
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