Positioned on the high profile corner of Waltham Road and Brougham Street, this substantial 2,811m² property offers exceptional visibility and access, making it an outstanding opportunity for value-add investors, developers, or owner occupiers. With its strategic location on a key arterial route, the site benefits from excellent exposure and a strong traffic count ideal for a wide range of commercial or mixed use redevelopment options.
The existing two level commercial building was previously operated as a tavern with a bottle store and residential accommodation. Now offered with vacant possession, the property presents a blank canvas for reimagining the space. Its low site coverage and ample onsite parking enhance its redevelopment appeal, offering flexibility for future intensification and increased rental potential.
A small but valuable holding income is currently generated from electric vehicle charging stations onsite, with further income possibilities available through advertising signage and potential leasing arrangements. This added income stream provides a buffer while development or repositioning plans are explored.
Whether you're looking to refurbish the existing structure, unlock the site's full development potential, or secure a high profile corner for your business or investment portfolio, the possibilities here are extensive. With strong fundamentals and a location poised for growth, this is a rare opportunity to secure a premium site with long term upside.
This property is for sale by Auction 10am, Wed 19 Nov 2025 at Level 1, 181 High St (unless sold prior).
*Boundary lines are indicative only.
Features:
- Vacant possession with EV charging rental
- Huge development potential
- Low site coverage
- Signage opportunities
- Corner site with high traffic count
- Freehold title
More information: https://www.colliers.co.nz/p-NZL67036926
