Christmas has come early

276, Wakefield Street, Te Aro, Wellington

Price On Application

Proposed Usage
Retail
Floor Area
500.00 m²
Description:
Property ID
1bzs6jd

Now is the time to make the most of an outstanding opportunity to own a piece of Wellington History.
Perched on the corner of Blair and Wakefield Streets, 276 Wakefield Street offers a stunning contrast between traditional 1900's design with the contemporary apartment extension on the roof.
The building is in the process of being strengthened to 100% NBS with the Code of Compliance for the strengthening work due to be received in the very near future.

The building is made up of 6 commercial units across 3 floors, one on each side of the stairwell and services in the middle.
There are also 3 residential apartments above the Blair and Wakefield street corner side of the building.

There are three commercial units available for purchase, all are located on the corner of Blair and Wakefield Streets giving excellent natural light from two sides. Each of the units are fully leased with the brand new leases to commence upon the code of compliance certificate being issued for the earthquake strengthening. Between them they produce a net income of circa $186,000pa + GST. The units are available for purchase collectively or individually.

Key Features:
* 100% NBS
* Fully leased tenancies
* Net income of $186,000pa + GST
* Three units available, can be sold individually or collectively
* 250sqm - 750sqm

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Te Aro Area