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  • For sale
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For Sale

Deadline Private Treaty 25th May 2022 14:00:00 (Unless sold prior)

2 Drummond Street is a well located commercial property that is ripe for redevelopment. The existing building has a private setting, up the driveway, set back from the busy Adelaide Road.

The two-storey structure is currently being used as car storage for two nearby car dealerships and there is drive-on access to both floors. The high ceiling heights provide excellent natural light that lends itself to various uses including warehouse, office or residential conversion. There is a smaller building at the bottom of the driveway that can also be developed further.

The existing buildings are deemed ‘Earthquake Prone’ by the Wellington City Council and need to be strengthened or demolished by July 2025.

There is an excellent opportunity here for an owner occupier or developer to take advantage of this sought after location. The land area is 895sqm and the current net lettable area is 1,090sqm. The demand from both commercial and residential occupiers in this area makes 2 Drummond Street an attractive proposition with significant add value potential.

 



Ref #: 20964347