New Zealand

AN OUTSTANDING SITE, FOR COMMERCIAL OR RESIDENTIAL DEVELOPMENT CLOSE TO COURTENAY PLACE - $4800000

Click here to search '2024 local prices' for  129-133 Taranaki Street, WELLINGTON, WELLINGTON, New Zealand, 6001

Description

Close to Courtenay Place, on a corner site for maximum light and air, with an adjacent existing five storey Building at the corner Vivian Street and Taranaki Street currently safeguarding the upper floors to that side for light and air, with good separation between that existing Building and the Murdoch site. Land is in four Titles having a combined area of 1327m2. The two store Murdochs Building at Taranaki Street frontage, having a gross area of approx 1230m2, and the historic Chinese Mission Church Building of approx 240m2 on the Frederick Street land. Development Potential. we are aware of a Development designed by ArcHaus Architects, who proposed a Twin Towers development which retained the Church Building between the Towers, and provided for: Retail Units : Four Units on the Ground Floor of the Taranaki Street frontage Tower. The Towers : The Taranaki Street frontage Tower provides for 9 Floors of Apartments above the Retail areas. The Frederick Street Tower provided for 10 Floors of Apartments above carparking on the Ground Floor. The Apartments : Originally designed as Two-Bedroom Apartments, later amended on the instructions of ArcHaus' then client to two Studio Apartments in replacement of each Two-Bedroom Apartment. Prospective Purchasers may choose to make their own enquiries. MARKETABILITY We understand that 90% of the Studio Apartments were sold 'off the plans' to Investors and 'first-home buyers' on a conditional basis.

Was for Tender


Place: 129-133 Taranaki Street, WELLINGTON, WELLINGTON, New Zealand, 6001 Average Price in WELLINGTON ...