UNIQUE COMMERCIAL / RESIDENTIAL OPPORTUNITY

- Thorndon Wellington

This truly is a unique opportunity to purchase a property in the high profile area of Thorndon village and comprises a combination of a commercial showroom on the ground floor as well as a residential, 1 bedroom, fully furnished apartment upstairs. This property has the highly coveted bonus of a total of 6 carparks at both the front and rear of the property.

The ground floor is currently leased by Wall St Designs. The showroom offers floor to ceiling windows which gives a great sense of light and space as well as for window display, making it perfect for running a business out of. With a lot of foot traffic walking past to the Botanic Gardens and local cafes, the windows are a major appeal.

There is tremendous flexibility around the lease agreement for the ground floor commercial space. It can be bought vacant or, alternatively, a 2 year lease could be signed by Wall St Designs if applicable, giving you security. This lease could also be terminated by the new owner with 8 weeks notice at any time.

The upstairs apartment has been stunningly decorated, fully furnished and designed by Wall St Designs and offers a great, safe location to live and work. It is only a short walk into the city centre, and bus stops are situated directly outside the building. There is a deck off French doors overlooking Tinakori Road and the upstairs tenants currently use the tandem parking out the back of the building. Upstairs is currently rented until January 2025.

There is parking outside the commercial space for up to 3-4 cars which is a bonus in a street where multiple parks have been removed for cycle lanes.

Key features include:
– Spacious 73m2 ground floor showroom
– Residential space is 67m2 + 9m2 deck
– 3-4 carparks out the front plus tandem parking at the rear
– Beautifully appointed one bedroom apartment upstairs which can either be rented out or run as a successful Air BNB
– High profile location, great exposure
– Great flexibility surrounding the leases

For financial details, other information and to request a viewing please contact Grant Cederwall 021 953 242 or Joanna Simpson 027 366 2792.

Tender closes 12noon Friday 22nd November 2024 at Tommy’s Real Estate, 209 Victoria Street, Te Aro, Wellington. (not selling prior)