A rare opportunity to secure a landmark site in tightly held Kent Terrace, Mount Victoria. Held in the same ownership for 25 years, this generational offering provides flexibility for investors and developers alike.
Currently leased to Armstrong Motor Group, the site delivers a healthy annual income, allowing time for planning while offering future redevelopment potential. The lease includes redevelopment clauses, providing strategic options when you're ready to act.
For those seeking an immediate development prospect, consent is already in place for a six-story apartment building on the 371sqm Hania Street portion of the property.
With opportunities like this coming once in a generation, act now to secure your foothold in one of Wellington's most sought-after locations.
To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/70-74KentTerrace
- Exceptional location - Dual street frontages on Kent Terrace & Hania Street
- Flexible purchase options - Buy one or both sites
- Substantial landholding - 1,457.5sqm across three titles
- Strong holding income - Returning $230,215pa +GST
