Development Site with Holding Income
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2 Commerce Crescent, Waitangirua, Porirua Beds Bath 250m2
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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.