1,920sqm
floor area
685sqm
land area
|
4:00PM |
Level 14, 36 Brandon Street, Wellington
Consent issues | Opportunity to resolve |
Elevated site | Sunny outlook and can’t be built out |
Holding income | Cash flow to fund planning |
Multi unit | Consented for residential and commercial |
Prime location | Ideal for inner city living |
Constructed in the 2000s this multi-unit complex is well located to capitalise on the demand for inner city living and affordable commercial tenancies. It is not without its challenges however and will require the purchaser to resolve compliance and watertightness issues before they can unlock the property's true potential.
A problem for some, but an opportunity for those who are prepared to do the hard work and reap the rewards from bringing the units up to standard. Unit titling may be a possibility which would further open the door to a sell down of the units to owner occupiers and passive investors.
• Six residential and three commercial units on a single title
• Basement car parking
• Holding income
• Requires work
To assist you with your assessment of the offering online due diligence data is available at https://propertyfiles.co.nz/property/72WebbStreet_TP8
Licensed under the REA Act 2008
Mobile: +64 21 328 138 |
Office: +64 4 499 6022 |
fraser.press@bayleys.co.nz |
Licensed under the REA Act 2008
Mobile: +64 27 444 7656 |
Office: +64 4 499 6022 |
james.higgie@bayleys.co.nz |
1,920sqm
floor area
685sqm
land area
|
4:00PM |
Level 14, 36 Brandon Street, Wellington
Consent issues | Opportunity to resolve |
Elevated site | Sunny outlook and can’t be built out |
Holding income | Cash flow to fund planning |
Multi unit | Consented for residential and commercial |
Prime location | Ideal for inner city living |
72 Webb Street, Te Aro
Open in mapLicensed under the REA Act 2008
Mobile: +64 21 328 138 |
Office: +64 4 499 6022 |
fraser.press@bayleys.co.nz |
Licensed under the REA Act 2008
Mobile: +64 27 444 7656 |
Office: +64 4 499 6022 |
james.higgie@bayleys.co.nz |
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