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Located opposite the Wellington Hospital is a development opportunity that will not be repeated.
Commercial, residential, multi development options with street frontage in the heart of the Wellington Medical District are extremely rare.
Add this large piece of land to your property portfolio and reap the rewards for many years to come.
Hospitals are the hub of our community and the surrounding land is certainly 'Prime Real Estate'.
Three separate fee simple titles:
- 40 Riddiford Street - 248 sqm of land
- 42 Riddiford Street - 188 sqm of land
- 42a Riddiford Street - 345 sqm of land
All next to each other giving you a joint land area of 781 sqm.
The site is in the 'Local Centre Zone' so buildings can go up to 22m high
Most would have driven or walked past these properties and always wondered what was going to happen to this land? Many would have visited Number 40 as it was the old blood bank.
Now is the chance to grab it and make it into what you desire.
This really is 'Prime Property' in 'Prime Position'
40 Riddiford Street
- 'The Old Blood Bank' - currently vacant
- Previously rented out at $1000 per week
- 6 bedrooms
- 1.5 bathrooms
42 Riddiford Street
- Currently rented out at $550 p.w.
- 2 bedrooms
- 1 bathroom
- 1 off street car park
42a Riddiford Street
- Currently vacant
We are certainly not making any more land and to own land in this location really is a golden egg opportunity.
Viewings are by appointment only.
LIM Reports and Property Information for each property are available by request.