Investment plus land

Calling all investors or land bankers.
Here is your opportunity to secure a 7-bedroom 1960's double-storey property situated on an extremely large site.
Opportunities like this are very rare indeed.

The property is sold subject to the lease Accordingly, tenders should state whether they would prefer to take the property subject to the held-over lease, or subject to a renewed lease.

Purchasers advised to seek professional guidance with regards to GST and the current lease.

Details:
• R.V. $860,000
• L.V. $690,000
• Income $69,948 plus GST per annum
• Rates $11,193.99 p.a.
• Floor area 270sqm
• Land area 1368sqm

(Viewing by appointment only-very strict viewing times)

To be SOLD by TENDER closing 01 April 2026
1/77 Thorndon Quay,
Wellington.

Contact Everard Aspell on 0274 445 248 for more information.