Prime development location

These properties are situated at the end of Athol Crescent and back on to the Terrace which is the finance and political hub of Wellington. The Terrace is doted with numerous hotels due to its position to the State Highway 1 off-ramp making it easily accessible for people traveling to Wellington on Holiday or Business. The site is a prime development location for hotels, apartments or student accommodation, all of which are in short supply in the vicinity. The opportunity consists of LOT 2 being 583 sqm and LOT 9 which is 254 sqm and a 3/4 share in LOT 13. LOT 2 is Zoned Commercial (8X), with LOT 9 being Commercial (8A).
Access to both sites is currently via Athol Crescent, however a possibility exists to gain additional access directly via the Terrace. This is an excellent opportunity for a developer with a vision.
* Ready for development
* Holding income
* Dual address

Agency reference #: 3173845