Ad ID: 96902

41 out of 42 Units for Sale Mt Cook Wellington

Enquire about this "41 out of 42 Units for Sale Mt Cook Wellington" property on nzcommercial

Land/Development - Controlling Stake (41 out of 42 Units)

1 Tasman Street
Mt Cook
Wellington City
Price by negotiation
Area (m2):

Commercial Property for Sale Description

41 out of 42 Units for Sale Mt Cook Wellington 1 Tasman Street

CBRE is proud to offer to the market the majority of units in Tasman Garden Apartments situated at 1 Tasman Street, Mount Cook, Wellington. Sitting on a prime 4,735m² freehold land parcel, the 41 (out of 42) units will be marketed as one parcel and will be available for sale by Deadline Private Treaty.

The property represents an excellent opportunity to acquire a majority share (97.89%) of the Tasman Garden Body corporate and the significant land parcel the current improvements are located on. The units currently generate an excellent holding income giving a purchaser time to work through any development/redevelopment plans without incurring significant holding costs.

Investment highlights:

- Well located site in desirable Wellington location
- Excellent connectivity to city and surrounding amenity
- A strategic inner-city development site
- The majority of units (41 out of 42) resulting in a 97.89% share of Tasman Garden Body Corporate
- Excellent holding income
- Idyllic location and outlook
- 4,735m² underlying land parcel
- Dual street frontage (92.16 metres to Tasman Street and 65.95 metres to Buckle Street)
- Building height limit: 18.6 metres above ground level
- ‘Central Area’ zoning with 100% site coverage

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

For sale by Deadline Private Treaty closing Wednesday 18 November 2020 at 4pm.

For further information, please contact one of the nominated brokers.

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CBRE Ltd - Wellington
For more info
Contact: Dharmendra Mistry

Dharmendra Mistry

021 175 0751 or 04 474 9827
CBRE - Wellington
Licensed REAA 2008
Broker Ref: 1308140Q4

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