Multiple Opportunities with Holding Income

Here is your opportunity to secure 1,573m2 of land on a corner site in Porirua.

This property will be sold "As is, Where Is" due to the nature of the 7 residential units that have a "Notice to fix" (fire seperation requirments) from Porirua City Council and are currently empty. All residential units are now vacant so ready for you to start again.

The price is right and my vendor is willing to sell at below land value $790,000 + GST (if any)

The commercial space is leased to a very popular local food supplier on a month by month lease and provides holding income while you develop your plans.

Would suit a redevelopment or a complete internal redesign for the old Shell Waitangariua Service Station and workshop.

With "solid bones" this would also suit a small industrial development needing a workshop/Office combination.

My vendors circumstances has changed but they will share their concept drawings for 18 x 2 bedroom residential units that you could pick up and develop further (subject to Council approval).

2 Commerce Crescent, Waitangirua is ready for a new owner with vision to make this desirable corner site come to life.

Viewing is by appointment only so contact the sole Agent today for more information.

Property ID: ISELL20040 |

2 Commerce Crescent, Waitangirua, Wellington, 5024

Sold
  • 1573 sqm
  • 250 sqm


Inspection Times

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Peter Ambrose

Residential Sales Consultant

Licensed Salesperson - REAA 2008

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