Rare Opportunity to Own on Willis Street

99, Willis Street, Wellington Central, Wellington

By Negotiation

Proposed Usage
Office
Floor Area
820.00 m²
Description:
Property ID
1br70nv

Harking back to a bygone era, this 1920's mixed use property provides opportunities for a range of purchasers to get their hands on what is possibly the last affordable freehold property on the Golden Mile.

Located opposite the Majestic Centre on the upper end of Willis Street the property enjoys a sunny aspect and will appeal to a range of purchasers who see the potential on offer. This will include part owner occupiers for both retail and office, add value purchasers looking for a long term hold and developers looking for opportunities.

With a holding income of circa $150,000pa net from the ground and first floor it doesn't take much imagination to see how value can be added by leasing out the vacant floors until such time as earthquake strengthening and refurbishment work is undertaken.

Held in the same family for many years this is one of those opportunities not to be missed.

- Character freehold CBD property
- Sunny side of the street
- Strengthening concepts and costings available
- Add value or part occupy
- Potential $200,000 plus net rental as is

For Sale by Deadline Private Treaty closing 4pm Wednesday, 30 November 2016.

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Wellington Central Area