Two frontages, four tenancies, endless upside
A genuine landmark opportunity in Wellington's fastest-growing commercial precinct.
Set on a prominent corner with dual north and west-facing frontages, the property offers 8,700sqm of General Business-zoned land and 3,684sqm of versatile improvements arranged across four distinct buildings.
Two tenancies - including national operators Plumbing World and Humes Pipes - provide reliable holding income, while two vacant present immediate scope for repositioning, owner occupation or redevelopment under the zone's generous 22-metre height limit.
Surrounded by Mitre 10 Mega, Gilmours and Petone's destination retail, this property will reward add-value investors, land bankers and developers alike.
Opportunities of this scale and flexibility rarely surface.
Inspect to assess the full holding income and redevelopment story.
To obtain a copy of all supplementary documents please register your interest at www.propertyfiles.co.nz/40bouveriestreet
• 8,700sqm land area
• 2 national anchor tenants
• 2 vacancies
• Prime Petone location opposite Mitre 10 Mega
Set on a prominent corner with dual north and west-facing frontages, the property offers 8,700sqm of General Business-zoned land and 3,684sqm of versatile improvements arranged across four distinct buildings.
Two tenancies - including national operators Plumbing World and Humes Pipes - provide reliable holding income, while two vacant present immediate scope for repositioning, owner occupation or redevelopment under the zone's generous 22-metre height limit.
Surrounded by Mitre 10 Mega, Gilmours and Petone's destination retail, this property will reward add-value investors, land bankers and developers alike.
Opportunities of this scale and flexibility rarely surface.
Inspect to assess the full holding income and redevelopment story.
To obtain a copy of all supplementary documents please register your interest at www.propertyfiles.co.nz/40bouveriestreet
• 8,700sqm land area
• 2 national anchor tenants
• 2 vacancies
• Prime Petone location opposite Mitre 10 Mega
Key features
Anchor tenants
Humes Pipes & Plumbing World
Occupancy
Part leased, part vacant
Land area breakdown
8,700sqm
Location
Prime Petone directly opposite Mitre 10 Mega
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