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ID#508118

6-8 Moxham Avenue,

Hataitai

Wellington East
Tender
Approx
250
Approx
374
* 250m²≈2,691 sq.ft.   374m²≈4,026 sq.ft. (0.04 Ha)

Tender

Wednesday 19th May
1.00pm
Lowe&Co Realty, 8 Kent Tce, Wellington
proudly marketed by
Adam Cockburn Brent Gilbert
Lowe & Co Realty
Adam
+64 (0)21 409 637
Brent
0274415026
Message us about this property

STRENGTHEN, REDEVELOP or START AGAIN

A Hataitai icon for decades, the Hataitai Hot Bread Shop is possibly known by every Wellingtonian, at least anyone living in Wellington for any length of time. With this long standing, established and very successful tenant as your anchor, plus a Design Studio in the more recently upgraded rear building, all on 374sqm (more or less) of fairly flat land, you know you have as surety of income until you finalise your longer term plans.

And plans is something you will need, as the original building is deemed earthquake prone (yellow stickered), so the new owner has until 2027 to resolve this issue.

* Total floor area 250sqm (more or less)
* Land area 374sqm (more or less)
* Front Tenancy (Hot Bread Shop) including shop, kitchen, storage, toilet: Rent of $45,400+GST pa, expiring 18 July 2024
* Rear tenancy (Vivid Origin Design) including offices, kitchen, bathroom in more recent separate building: Rent of $24,000+GST pa, expiry 1 April 2023, 1 x 3yr RoR, final expiry 1 April 2026
* 2018 RV $770,000 ($600,000 Land, $170,000 Improvements)
* Outgoings: Rates $7,953.24pa; Insurance (buildings, BI & PL) $20,247.71pa (both inc GST)
* Suburban Centre zoning (9m building height limit, 100% site coverage)
* Building is subject to the Hataitai Heritage rules

For Sale by TENDER: closes 1pm, Thursday 19 May, at Lowe&Co Realty, 8 Kent Tce, Wellington (vendor will not be considering offers prior to the deadline).

Viewing by appointment.

Our vendors have owned this property since 1992, but a change in their circumstances means it is reluctantly offered for sale. With Centre zoning, the redevelopment options are exciting, with excellent holding income in place in the mean time.

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Agents

Adam Cockburn

Lowe & Co Realty

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

Hi, my name is Adam.

I love Wellington real estate! I caught the bug after reading a Dolf De Roos book in 1998, and bought my first property in Adam's Terrace, Aro Valley, just before I headed off to London for a number of years. I kept buying property, mainly in London and Auckland, whilst living in the UK, returned back to Wellington in 2005, and have been selling Wellington real estate since 2007. Having started out in sales during the biggest recession since the 1930s, this means that I have had to develop good habits from the start, to make sure I deliver the best service, and achieve the best results, for my clients when they want to sell their Wellington real estate.

I have lived in many different neighbourhoods, including Wadestown, Kelburn, Ngaio, Thorndon, Highbury, Rongotai, Miramar and Seatoun. Wellington is a great city and we should be proud of it. It is vibrant and alive, it is the cultural and coffee capital of the country, it is beautiful whilst also being an easy city to live in, due to it's compact nature.

So if you are looking to buy or sell Wellington real estate, give me a call. I will follow up every lead and turn over every stone, to make sure we achieve the best results possible together.

I look forward to working with you.

read more

Brent Gilbert

Lowe & Co Realty

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

This property was photographed by

David Garratt

Wellington Central/North

ID#508118

6-8 Moxham Avenue,

Hataitai

Wellington East
Tender

Tender

Wednesday 19th May
1.00pm
Lowe&Co Realty, 8 Kent Tce, Wellington
proudly marketed by
Adam Cockburn Brent Gilbert
Lowe & Co Realty
Adam
+64 (0)21 409 637
Brent
0274415026
Message us about this property

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