CBRE New Zealand is proud to present 120-124 Cuba Street, Petone, Lower Hutt for sale on behalf of The Salvation Army New Zealand Trust.
This offering presents a rare opportunity to acquire a 1,034sqm freehold land parcel in the heart of Petone. The property is ripe for development but existing improvements should not be overlooked by owner occupiers or investors alike.
Available with vacant possession, the property includes improvements of 560sqm (gross floor area) and is zoned Medium Density General Residential with an associated maximum building height limit of eight metres above ground level. Situated in the heart of Petone, the property is suitable for residential development or can accommodate an owner occupier looking for suitable premises with plenty of car parking and excellent access.
Petone has seen exceptional growth in the last five years in both the commercial and residential sectors. This is highly likely to continue in the coming years as we see high demand from businesses looking to secure premises within Petone, and more residential developments being completed to keep up with demand.
Property highlights include:
1,034sqm land parcel
Sought after location
560sqm building (approx.)
Medium density general residential zoning
8 metre height limit
Main arterial route
Develop or occupy
Two freehold titles
120-124 Cuba Street is for sale by Deadline Private Treaty closing Wednesday 7 November 2018 at 4pm. CBRE strongly recommends your early consideration of this owner occupier or development opportunity and encourages interested parties to get in touch without delay.