- For Sale
Located in a mixed-use precinct on the Western side of the CBD which is currently undergoing significant rejuvenation, the property affords a new owner a number of opportunities:
- Refurbish, reconfigure and add value to the existing structure
- Medium-term transformation of the entire site including demolition of the existing improvements to best utilize the 50m height limit that the zoning affords
The vendor's business occupies the property & is flexible in their ability to provide the property vacant or with a leaseback arrangement in place.
The property is extremely well positioned to benefit from current local development projects including the City Rail Link, NZ International Convention Centre and adjoining Horizon Hotel.
There are two titles that make up the 1,782m² freehold site on a high exposure arterial route. Two buildings sparsely cover the site, each positioned on a separate title.
The original building is split across three levels - the ground floor facing Hobson Street is currently occupied by a retail showroom. The first floor and basement levels consist of offices, workrooms, storage areas and a loading bay.
The second building, built in approximately 2001, is made up of a single level, pre-cast concrete structure which contains a retail showroom.
There are 18 car parks across the entire property. The site provides great access to parks on the rear of the property but there are also numerous onsite customer car parks spaced along the approx. 30m street frontage – a rarity in the area.
CBD sites of this size don’t come available often. Don’t miss your opportunity to create your own history with this incredible property – call the sole agents today!
Ref #: 215913