261 Coutts Street, Rongotai, Wellington Raw Potential - Ready for Vision 261 Coutts

Available PropertyFiles:

  • /1. Information Memorandum/
    • Information Memorandum_Coutts Street, 261-min.pdf
  • /2. Seismic Information/
    • coutts_261_EPB_notice.pdf
  • /3. Title/
    • coutts_261_Record of Title.pdf
  • /4. Insurance/
    • coutts_261_insurance certificate.pdf
    • coutts_261_insurance policy.pdf

Property Description

• Outstanding location
• Bite sized property
• Fully leased on monthly terms
• Potential net rental $69,548pa +GST
Packed to the rafters with upside! This is a value-packed opportunity anyone seeking a project with real potential in the heart of Rongotai.
This part one-storey, part two-storey building with a basement offers holding income from three separate tenancies: a ground floor workshop, first-floor offices, and a third tenant occupying rear offices and two large garages.
Its current condition points to it being a compelling opportunity to renovate or redevelop and unlock its full potential.
Virtually adjacent to Wellington Airport and with flexible zoning it will suit a wide variety of future uses.
Unlock the potential of this strategic site and add significant value in a tightly held, high-demand precinct.

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Terms of Supply

DISCLAIMER AND STATEMENT OF GENERAL POLICY
The following information has been supplied to Capital Commercial (2013) Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.
Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.
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Contact Sarah Lyford

Capital Commercial (2013) Limited, Bayleys,

Licensed under the REA Act 2008

04 499 6022   027 497 0019   sarah.lyford@bayleys.co.nz   All Listings


Contact Paul Cudby

Bayleys Real Estate Limited

021 421 374   paul.cudby@bayleys.co.nz   All Listings

Paul Cudby is a straight-talker and has established a name in the Hutt Valley as an agent who knows his market, works hard for his clients and gets results.

With a background in engineering, automotive engineering and service retail, Paul began his career in commercial real estate in 1992 and joined Bayleys Wellington in 1995.

Carving out a presence in the Lower Hutt, Upper Hutt and Petone market, Paul specialises in commercial and industrial sales and leasing. Over the years he has harnessed a loyal client base that time and again seeks out his expertise resulting in high volumes of repeat and referral business.

Paul knows this market inside and out. Nothing in the Hutt Valley commercial and industrial property world slips past his radar; he has built and consolidated robust working relationships with property owners and has good rapport with tenants.

Keeping pace with the ever changing market, Paul has developed an excellent understanding of more contemporary topics such as the impact of seismic issues on value. He is well placed to assist in minimising such impacts, ensuring value is maximised.

Acknowledging the support and shared wisdom of the principled Bayleys team, Paul knows that his clients are well-served when listing with him. Operating under the respected Bayleys brand adds value to the service that Paul can offer his clients and the high-profile marketing campaigns that he structures for local media and the specialist Bayleys portfolios reflects this.

A firm believer in campaigns with definitive time frames to signal vendor motivation to the market and to actively flush out qualified buyer or tenant interest, Paul continually achieves results that exceed his clients’ expectations.