This pearl on Hania Street with a 12 month expiring lease offers multiple options to a wide range of purchasers from owner occupiers to investors, and to those wanting that elusive work/live premises.
Its location at the base of Mt Victoria with the all important sunny aspect and easy access to the heart of Te Aro, the waterfront, and all other places that drive inner city living, can't be faulted.
Its high stud warehouse with a 300sqm floor plate and dock way strikes just the right balance and will appeal to a wide range of tenants if you don't have a use for it yourself.
The first floor is currently an office/studio space, and the high stud top floor with exposed ceiling rafters and skylights screams out for residential conversion.
Rateable value is $2,460,000 and the holding income is approx. $130,000 gross per annum.
• Ripe for redevelopment/repurposing to residential
• Alternatively ideal for owner/occupiers
• Prime location overlooking the Basin Reserve
• Currently Hi-stud warehouse and offices
• Holding income for 12 months