Big on profile and big on opportunity

Unit 1, 80, Kent Terrace, Te Aro, Wellington

By Negotiation

Proposed Usage
Floor Area
500.00 m²
Property ID

This high profile retail showroom or office enjoys a great location in this evolving location.
In recent weeks we have seen a real resurgence in the surrounding properties, the new Turners outlet across the road, new ownership at the Mitsubishi/Mercedes dealer, ex Repco is about to be home to an international rental car operation.
Although not without it's issues, after strengthening and refurbishing we have assessed the annual rental at $140,000 net.
Our motivated vendor recognizes that purchaser will deduct the estimated cost of strengthening from their value assessment.
At over 500m2 with rear access and 4 car parks, this premise will suit multiple uses.

• $140,000 potential net - think double digit yield
• 500m2 plus - with rear access and parking
• Evolving location - check out the neighbours
• Big location, big profile, big opportunity

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Te Aro Area