Significant Residential Parcel With Upside
42, Webb Street, Te Aro, Wellington
- Proposed Usage
- Development Site
- Property ID
CBRE New Zealand is proud to offer 42 Webb street, Te Aro, Wellington for Sale by Private Treaty.
42 Webb Street comprises a recently earthquake strengthened two-level building constructed in the 1950s, providing ground floor workshop, and first floor residential accommodation which has recently been upgraded and converted to provide a five-bedroom apartment.
The freehold land parcel is 212sqm (more or less) with some 424sqm (approx.) Net Lettable Area (NLA) currently generating a gross income of $110,000 per annum, making this an excellent proposition for an investor looking to secure a property with a diverse income stream in the sought-after Wellington location of Te Aro.
42 Webb Street Investment highlights include:
- One x commercial tenancy
- One x five bedroom apartment
- Land area: 212sqm (more or less)
- Recently strengthened to 50% NBS
- Gross income (commercial) $45,000pa plus GST
- Gross income (residential) $65,000pa
CBRE strongly recommends your early consideration of this mixed-use investment opportunity and encourages interested parties to get in touch without delay. 42 Webb Street are being offered for sale by Private Treaty.