As Exclusive Agents, CBRE New Zealand is thrilled to present an exceptional opportunity to acquire a potential development site spanning 2,112sqm (more or less) at Unit 2, 369 Adelaide Road, Newtown, Wellington which is a majority/controlling share (88.85%) of the ownership interests of the property.
Key Investment Highlights:
- Zoning: High Density Residential Zone under the Wellington City 2024 District Plan - Appeals Version (Operative)
- Building height limit: 22 metres above ground level
- The property generates a healthy holding income
- Strategically located in the heart of sought-after Newtown
- Located on the Rapid Transit Route
- Elevated site flat in contour
The property is being offered for sale by Private Treaty.
