Multi Tenanted Investment for Sale Khandallah Wellington

Land/Development - Multi-Tenanted Investment

Commercial Property for Sale Description

Multi Tenanted Investment for Sale Khandallah Wellington 7 Ganges Road

CBRE New Zealand is proud to offer 7 Ganges Road, Khandallah, Wellington for sale by Tender; the first time this property has been on the market in over forty-five years.

The property comprises a two-storey building split into five commercial tenancies and one residential unit located in a prime position in Khandallah, one of Wellingtons premier suburbs. Khandallah Village accommodates a New World supermarket, bar, restaurant, F&B outlets, convenience store, town hall, art gallery and library. The property occupies a 417sqm freehold site with 385.5sqm (approx.) of Net Lettable Area (NLA) and five car parks located towards the rear of the property.

The property is tenanted by Golden Takeaways, F.A.B Hair Company, Mall Drycleaners, Village Quality Meats, Meat & Fish Direct, and a residential tenant, making this an excellent proposition for a passive investor looking for a property with a diverse income stream in a sought after location nestled in the northern hills of Wellington.

Investment highlights include:
- Net lettable area: 385.5sqm
- Land area: 417sqm (more or less)
- Centre zoning
- Five on-site car parks
- Future development potential
- Height limit: 12 metres
- Five commercial tenancies plus one residential unit
- Tightly held location

7 Ganges Road, Khandallah is being offered for sale by Tender, closing Thursday 7th March 2019 at 4pm. Tenders are to be submitted on the prescribed form which can be downloaded via the Electronic Data Room.

CBRE strongly recommends your early consideration of this outstanding investment opportunity and encourages interested parties to get in touch without delay.