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114 Middleton Road, Churton Park, Wellington, 3 Bedrooms, 1 Bathrooms, House

Enquiries Over $1,070,000

114 Middleton Road, Churton Park, Wellington

3
1
160m2
516m2
HouseListed on Wed Aug 23

Churton Park 3 Bedroom Unique Investment Opportunity

The Churton Park Store has been in the same family for more than 30 years and represents a rare opportunity to own a mixed commercial and residential investment property, all on prime Churton Park land.

* High profile commercial space on busy Middleton Road

* 2 onsite carparks + 6 council parks

* Single level three-bedroom unit

* Land prime for land banking and future development

This property is sure to appeal to a wide range of buyers. An astute buyer may wish to run their business from the front and rent out the flat, which is currently rented at $635 per week. Another option is to run your business from the front and live in the flat. For the keen developer you could start with a blank slate and build several townhouses. Finally, you may wish to lease the commercial space as well as the flat, providing you with an excellent investment return. We have a rental assessment for the commercial space of $35,800 per annum. This equates to an impressive $1,323 in potential weekly rental income.

Enquiries over $1,070,000.

Please contact us if you would like a full info pack, or if you would like to organise a time to view. Viewing is by appointment only.

For more information and a property brochure, please visit http://www.collectivefn.co.nz

Marketed by Collective First National - Your #1 Local Multi Lingual Sales Team

Location

Council Data

Last update : 2024 06 19
Improvement value
Land value$750,000Increased by 114% from year 2018
CV(Year 2021 Month 09)$750,000Increased by 100% from year 2018
Land area516m²
Floor area160m²
Decade of construction1960
TitleWN8B/1324
Type of titleFreehold
Legal descriptionLOT 1 DP 27141 SEC 48 PAPARANGI SETTLEMENT - 6 M2 DOUBLE CARPORT ON ROAD RESERVE
CouncilWellington
Estate descriptionFSIM,1/1,LOT 1 DEPOSITED PLAN 27141 AND SECTION 48 PAPARANGI SETTLEMENT,516m2
ConstructionExternal Walls: Wood Roof: Iron
ConditionExternal Walls: Average Roof: Average

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Johnsonville School
0.72 km
Tiểu Học
1-6
Trường Công
Trường Hỗn hợp
EQI: 389
9
Churton Park School
0.73 km
Tiểu Học
1-6
Trường Công
Trường Hỗn hợp
EQI: 364
10
Newlands College
1.02 km
Trung Học Cơ Sở
9-15
Trường Công
Trường Hỗn hợp
EQI: 413
9
Newlands Intermediate
1.16 km
Trung Học Cơ Sở
7-8
Trường Công
Trường Hỗn hợp
EQI: 408
9
Raroa Normal Intermediate
2.05 km
Trung Học Cơ Sở
7-8
Trường Công
Trường Hỗn hợp
EQI: 381
10
Onslow College
2.24 km
Trung Học Cơ Sở
9-15
Trường Công
Trường Hỗn hợp
EQI: 391
10
St Oran's College
8.85 km
Trung Học Cơ Sở
7-15
Trường Công
Trường Nữ sinh
EQI: 378
10

Property history

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For developers

Unitary plan:-
Land:516m²
Title:Freehold
Zoning
Underground
Contour
State houses
Flood zone

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
52 Hawtrey Terrace
0.07 km
5
2
200m2
Year 2024 Month 05 Day 27
$1,100,000
Council approved
0.22 km
3
1
88m2
Year 2024 Month 03 Day 20
$820,000
Council approved
0.11 km
3
125m2
Year 2024 Month 02 Day 03
$890,000
Council approved
0.19 km
2
120m2
Year 2024 Month 02 Day 02
$716,000
Council approved
23 Chorley Grove
0.01 km
3
1
104m2
Year 2024 Month 01 Day 09
$810,000
Council approved

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Ref:L23849339Last update:2024-04-19 14:02:04