Occupy or Develop: 2,529sqm Freehold Land

1-11, Kamahi Street, Lower Hutt, Lower Hutt

By Negotiation

Proposed Usage
Development Site
Land Area
2529.00 m²
Property ID

CBRE New Zealand is proud to offer 1-11 Kamahi Street, Stokes Valley, Lower Hutt for sale on behalf of Infratil Infrastructure Property Limited (IIPL).

1-11 Kamahi Street consists of a rectangular shaped freehold corner site of 2,529sqm, with a slight contour from front to back. Fully fenced and sealed, the property provides a bus depot for NZ Bus who have a lease over the property until 30 June 2018 as part of their Wellington and Hutt Valley regional services. There is a small portable office with facilities on site. 1-11 Kamahi Street is zoned General Residential but, under the Lower Hutt City Council District Plan, has full existing rights for use as a bus depot. The property is located in one of the most sought after residential locations in Stokes Valley, and would be ideal for future residential development.

Key Features:
* Dual street frontage
* 2,529sqm freehold land
* High profile corner site
* Holding net income $63,225pa (plus GST) until 30 June 2018
* Zoned 'General Residential'
* Fully fenced and sealed
* Bus depot (NZ Bus)
* Significant development site

The property is for sale by Deadline Private Treaty closing Tuesday 12 December 2017, at 4pm (unless sold prior).

CBRE strongly recommends your early consideration of this outstanding development opportunity and encourages interested parties to get in touch without delay. For further information, please contact one of the nominated brokers.

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Lower Hutt Area