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305 Mansfield Street, Newtown, Wellington City

Rare Development & Investment Opportunity!

dollar

Buyer Enquiry Over $1,500,000

House
House
Bedroom
5
Bathroom
3
Floor area
577m2
Land area
1201m2
Garage
1
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Property details

Listing # L37141709 | Listed on 12 February

This is a truly rare find offering a unique blend of residential income, commercial potential, and development opportunity all on one site. Situated on a generous 577 square meter building area, this property features multiple buildings, including four residential units-three of which are currently tenanted-producing a solid rental income of $1,655 per week.

In addition to the residential units, the property boasts a substantial vacant commercial section with approximately 360 square meters of undercover space. This area presents multiple options for use, whether for your own business operations, future leasing, or further development.

There are also various concept plans that have been drawn up for the site, offering flexible development possibilities for those looking to maximize its value. Whether you're an investor seeking steady income, a developer ready to unlock the site's potential, or a business owner looking for a strategic location with space to grow, this property caters to all.

A 2019 LIM report is available, providing added confidence for your due diligence.

Opportunities of this caliber are extremely rare and highly sought after-don't miss your chance to secure this one-of-a-kind property.

Viewing is by appointment.

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