RARE RETAIL/RESIDENTIAL INVESTMENT
128, Tory Street, Te Aro, Wellington
Price On Application
- Proposed Usage
- Land Area
- 326.00 m²
- Property ID
Enquire about this property
Located on the corner of Tory and Frederick Street and strategically located within the fast growing suburb of Te Aro. 128 Tory Street is a rare offering providing a steady income stream through commercial and residential tenancies.
The building is situated directly across the road from the prominent Top of Tory shopping complex with easy access to the inner city bypass and close proximity to Wellington’s entertainment precincts of Cuba Street and Courtenay Place.
128 Tory Street comprises two buildings on one title 326m². Facing Tory Street is a two storey building with two retail premises. The ground floor has two established commercial tenants. Te Aro Brewing Company occupy the corner site and use the character retail shop to sell brewing supplies and the warehouse accessed off Frederick Street for brewing craft beer. The northern commercial tenant is LT Campbell Electrical who is a trusted Wellington family business specialising in repair of electrical items. The first floor of this building is a five bedroom residential apartment which presents well.
On Frederick Street is a three story building (workshop on the ground floor attached to Te Aro Brewing Co) and the upper floors comprise two 3 bedroom apartments with strong leasing history. Both apartments are well presented and the tenants have recently extended their tenancy agreement. Additional income comes from the signage leased to a bill board company.
Further due diligence information is by accessing the secure document portal.
Viewing is by appointment only or on the first open home time which is Thursday 3rd November 2016 between 1pm and 2pm.