1st time on the market ever!
22, Garrett Street, Te Aro, Wellington
- Proposed Usage
- Floor Area
- 2030.00 m²
- Land Area
- 390.00 m²
- Property ID
This hidden Te Aro gem is on the market for the 1st time ever having been in the same family for over 50 years. Originally used for the manufacturing of clothing it is now a mix of warehouse, car parking, commercial and residential apartments.
Located on Garrett Street, just off Cuba Street, this property is ideally positioned to enjoy everything that is Cuba Street without the heritage rules restricting what you might choose to do. This area is very popular for hospitality, with many cool bars and eatery's on the ground floors that have a mix of office or residential above. Near neighbours include The Rogue and Vagabond, Husk and Peoples coffee roastery.
The commercial tenants include an art gallery, a specialist wine importer and a manufacturing jewellery, all with personal guarantees. The residential apartments which range from 2 to 5 bedrooms are on 12 month fixed term tenancies and always in demand.
The substantial holding income and flexibility to adapt the property for other uses over time makes this a must view for owner occupiers, investors and add value purchasers. Unique opportunities like this are few and far between so don't be one of those that has to wait another 50 years for the next one! - Call or email now for further details.
To obtain a full information pack on the property, including all Supplementary Documents please register your interest here: http://www.propertyfiles.co.nz/property/3252156