CBRE New Zealand is delighted to present 142 Adelaide Road, Mount Cook, Wellington to the market as Exclusive Agents. This prime property offers any buyer a unique opportunity with its strategic location and versatile features.
Situated on a 581sqm (more or less) freehold land parcel, this high profile building has a gross floor area of approximately 535sqm. The property includes dual access, six off-street car parks and a five-bedroom apartment, making it suitable for both investors and owner-occupiers alike.
Located on the southern edge of the Newtown commercial centre, the property benefits from the bustling commercial activity along Adelaide Road and Riddiford Street. The area is well-served by commercial facilities and is in close proximity to Wellington Hospital and a significant residential population, including numerous multi-unit residential properties. The District Plan encourages the intensification of residential and commercial activities within the ‘Centres’ Zone, providing multiple options for use and efficient engagement of existing infrastructure and resources.
Investment highlights include:
- Strengthened to 85% NBS (2021)
- 535sqm (approx.) gross floor area
- 581sqm (more or less) freehold land
- Future development potential
- Centre Zoning with 42.5m height limit
- Five-bedroom first floor apartment
- Holding Income: $164,200 per annum
- Dual access
- Six off-street car parks
- Vacant possession available
The property is being offered for sale by Private Treaty.
