Prime CBD Commercial Development Opportunity

222/ 224, Main Street, Upper Hutt, Upper Hutt

By Negotiation

Proposed Usage
Development Site
Floor Area
810.00 m²
Land Area
450.00 m²
Property ID

FOR SALE, 810m2 Prime CBD Commercial property located on the corner of Main Street and Ferguson Drive, Upper Hutt.

Current the property configuration is 400m2 retail on the ground floor and 410m2 office on the first floor.
The building is on the Earth Quake Prone register however the vendor has been proactive and has a price to strengthen, however, to maximize the return on investment, in the current market, redeveloping the first floor into 5 quality residential units should be considered in conjunction with strengthening.

The property has...
Multi street exposure
Multi street signage possibilities
Great natural light
No shadowing from neighboring property
Ready to be configured to suit your needs
Front and rear access via stairs
Hop step & a jump to 'The Mall'
On site Car Park
RV $705,000
Insurance (estimated replacement value) $1,400,000
Current holding rent is $47,000 gross
If your looking for development opportunities at the right price this Upper Hutt
property is a must see.

All prices indicative plus GST (if any).
Please contact Al on (027) 223 6013 to view.

Enquire about this property

Upper Hutt Area