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Collective First National - Johnsonville, (Licensed: REAA 2008)

114 Middleton Road, Churton Park

Enquiries over $1,070,000

Listing Description

Listed: Wed, 23 Aug

Unique Investment Opportunity

114 Middleton Road, Churton Park, Wellington, Wellington

Enquiries over $1,070,000

Details

  •   3 Beds
  •   1 Bath
  •   160m² Floor
  •   516m² Land
Other Features
  •   6+ Off-street parking
AttributeValue
Property type
House
Capital value (CV)
$750,000
Parking
6 open spaces
Broadband in the area Fibre, ADSL, VDSL, Wireless

Description

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

Marketed by Collective First National - Your #1 Local Multi Lingual Sales Team


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Collective First National - Johnsonville, (Licensed: REAA 2008)

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