Corner site on Waterloo

2, Waterloo Road, Lower Hutt, Lower Hutt

By Negotiation

Proposed Usage
Retail
Floor Area
520.00 m²
Land Area
554.00 m²
Description:
Property ID
1c2tnt5

For sale or lease.
Originally designed as a 4 storied building by Manthel Motors in 1955 - currently 2 stories.

Mixed tenancy, Shine Cafe and B Active Gym plus vacant office or retail space offer stable tenant income. The area is currently earmarked by LHCC for redevelopment into apartments and retail space.
Would suit owner occupier requiring office and showroom space.
Sunny northwest facing aspect with plenty of foot traffic and parking.

Currently leased at $43,458. With a further potential income of $60,000

• Land banking opportunity
• Investment returns
• Development potential
• Be part of LHCC rejuvenation plans.

Enquire about this property

Lower Hutt Area