Bayleys agents in Wellington have sold 3 commercial properties, 2 of them with development potential.
South of the Bombays
116 Owen St:
Features: 635m² site zoned inner residential, adjoining council-owned Carrara Park, 170m² character villa previously used as medical centre, existing commercial use rights, 8-10 parking spaces, development potential
Outcome: sold for $1.145 million
Agent: Mark Sherlock
177 Rongotai Rd, unit V:
Features: 250m² industrial unit, 190m² ground-floor warehousing plus 70m² mezzanine office, 2 parking spaces, leased to joinery business for 3 years to September 2022 plus 3-year right of renewal
Outcome: sold for $705,000 during Covid-19 lockdown alert level 4
Agent: Baha Mabruk
34 & 38 Martin Square:
Features: 339m² central-zoned site allowing development up to 27m – 629m² 2-level industrial premises, resource consent for 2 first-floor apartments plus 2 parking spaces, vacant
Outcome: sold for $1.81 million
Agents: Mark Walker & Andrew Smith
Attribution: Agency release.