Development Site with Holding Income

Here is your opportunity to secure 1,573m2 of land on a corner site in Porirua.

This property will be sold "As is, Where Is" due to the nature of the 7 residential units that have a "Notice to fix" from Porirua City Council and are currently empty.

The price is right and my vendor is willing to sell at below land value $790,000 + GST (if any)

The commercial space is leased to a very popular local food supplier on a month by month lease and provides holding income while you develop your plans.

My vendors circumstances has changed but they will share their concept drawings for 18 x 2 bedroom residential units that you could pick up and develop further (subject to Council approval).

2 Commerce Crescent, Waitangirua is ready for a new owner with vision to make this desirable corner site come to life.

Viewing is by appointment only so contact the sole Agent today for more information.

Property ID: ISELL20040 |

2 Commerce Crescent, Waitangirua, Wellington, 5024

Fixed Price $790,000 plus GST
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  • 1573 sqm
  • 250 sqm

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Peter Ambrose

Residential Sales Consultant

Licensed Salesperson - REAA 2008

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