Ad ID: 105664

Retail or Redevelopment Land for Sale Te Aro Wellington

Enquire about this "Retail or Redevelopment Land for Sale Te Aro Wellington" property on nzcommercial

Land/Development - Options on Garrett - Retain or Redevelop

13-15 Garrett Street
Te Aro
Wellington City
Deadline Sale
Area (m2):

Why buy this Retail or Redevelopment Land

Retail or Redevelopment Land for Sale Te Aro Wellington 13-15 Garrett Street

As Exclusive Agents, CBRE New Zealand and Colliers New Zealand are proud to present 13-15 Garrett Street, Te Aro, Wellington for sale.

13-15 Garrett Street offers an existing 805.2sqm (GFA) multi-level building that was originally constructed as a commercial property, and later converted to residential use in the upper floors.

The property is currently fully tenanted and has a great mix of both commercial and residential tenants making this a great opportunity for an investor/developer who is looking for a site with excellent holding income and plenty of future add-value potential in a fantastic Cuba Precinct location.

The building has Resource Consent to add a further four floors and convert the building into a 47 room student accommodation facility, plus 3x one-bed, 1x two-bed apartment and circa 213sqm ground floor retail. Alternatively, the building could accommodate 26 apartments, plus two ground floor retail tenancies.

The property is being offered for sale by Deadline Private Treaty closing Wednesday 15th December 2021 at 2pm. Offers are to be submitted on the prescribed form which can be requested from the Exclusive Agents.
For more info
Contact: Rick Stace

Rick Stace

021 338 465 or 04 474 9849
CBRE - Wellington
Licensed REAA 2008
Broker Ref: 1318331Q4

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