[Done Deal] Development Site with Holding Income

  • 2 Commerce Crescent, Waitangirua, Porirua
  • Beds
  • Bath
  • 250m2

Description

Development opportunity for those who really want to roll up their sleeves. The price is right and my vendor is willing to sell at land value only of $810,000 + GST (if any).

This property will be sold "As is, Where Is" due to the nature of the 7 residential units that have a "Notice to fix" from Porirua City Council and are currently empty.

The commercial space is leased to a very popular local food supplier on a month by month lease and provides holding income while you develop your plans.

My vendors circumstances has changed but they will share their concept drawings for 18 x 2 bedroom residential units that you could pick up and develop further (subject to Council approval).

2 Commerce Crescent, Waitangirua is ready for a new owner with vision to make this desirable corner site come to life.

Viewing is by appointment only so contact the sole Agent today for more information.

PROPERTY DETAILS
  • Bedrooms:
  • Bathrooms: 
  • Car parking:
  • Floor area: 250m2
  • Land area: 1573m2
  • Estate type:
  • Rental status: Commercial month by month lease $38,400pa (inc GST)
  • Rates: $17,152
LOCATION
  • $810,000 + GST (if any)
ABOUT THE AGENT

Peter Ambrose

Licensed Salesperson
REAA 2008