Landbank, Invest Or Develop
Residential development forecasts assume the number of dwellings in Wellington City will increase by an average of 693 dwellings per annum to 98,072 in 2043. Furthermore Wellington will be expected to house 80,000 more people in the next 30 years according to stuff.co.nz. Obviously with our current topography, land will always be a limiting factor so sites like 146 Vivian street will always hold their value and with development potential it certainly adds icing on the cake.
Currently the property is configured as follows:
• Two separate commercial leases
• 14 bedroom residential lease
• Five carparks with potential of two more in the pipeline
• High NBS% rating
• Dual access
• 100% Leased
It's all about location here and withing walking distance to Courtenay place, Cuba Street, cafes, bars, restaurants, retail outlets, clubs, supermarket, university and waterfront, this property will present numerous opportunities in how you want to make it work for you.
Viewing is via private appointment only and for further information feel free to call or email me anytime.