Prized Courtenay Place Investments

11A and 11B, Courtenay Place, Te Aro, Wellington

Auction

Proposed Usage
Industrial
Description:
Property ID
1c3nrx0

Situated in Wellington's entertainment heartland of Courtenay Place, this is a rare opportunity to stake your claim on the tail of Wellington's golden mile. The offering comprises two of seven individual units with units A & B making up the first two shops of the commercial ground floor retail.

Both units have new long term leases with strong covenants in place to established Wellington businesses TJ Katsu and Majestic Cuisine. They have a combined gross income of $220,000 - 11a ($75,000) & 11b ($145,000).

Built in 1918, the property has housed many Wellington businesses including a confectioner, chemist, delicatessen, several fruiterers and a milk bar.

In 1977 McDonald's Restaurants undertook a major upgrading of the building, including structural strengthening, to fit it out for a McDonald's restaurant. When McDonald's moved out, the building was converted back into three shops.

Don't miss your chance to own one or both of these superb investments in Wellington's most densely populated area.

Available for purchase as individual units or as a pair please contact one of the nominated brokers for further information.

To obtain a full information pack on the property, including all Supplementary Documents please register your interest here: http://www.propertyfiles.co.nz/property/3251996

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Te Aro Area