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Listing Description

Listed: Thu, 26 Sep

Outstanding Potential Development Site in Newtown

2/369 Adelaide Road, Newtown, Wellington, Wellington

Price by negotiation

Details

  •   2112m² Land
AttributeValue
Property use
Development site
Property ID#
IVX340
Agency reference
WGN100356

Description

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.


Map





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Agent's details

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CBRE Wellington, (Licensed: REAA 2008)

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