Unique Investment Opportunity
114 Middleton Road, Churton Park, Wellington, Wellington
Enquiries over $1,070,000
- 3 Beds
- 1 Bath
- 160m² Floor
- 516m² Land
- 6+ Off-street parking
|Capital value (CV)
6 open spaces
|Broadband in the area
The Churton Park Store has been in the same family for more than 30 years and represents a rare opportunity to own a mixed commercial and residential investment property, all on prime Churton Park land.
- High profile commercial space on busy Middleton Road
- 2 onsite carparks + 6 council parks
- Single level three-bedroom unit
- Land prime for land banking and future development
This property is sure to appeal to a wide range of buyers. An astute buyer may wish to run their business from the front and rent out the flat, which is currently rented at $635 per week. Another option is to run your business from the front and live in the flat. For the keen developer you could start with a blank slate and build several townhouses. Finally, you may wish to lease the commercial space as well as the flat, providing you with an excellent investment return. We have a rental assessment for the commercial space of $35,800 per annum. This equates to an impressive $1,323 in potential weekly rental income.
Enquiries over $1,070,000.
Please contact us if you would like a full info pack, or if you would like to organise a time to view. Viewing is by appointment only.
For more information and a property brochure, please visit http://www.collectivefn.co.nz
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