Property Description

• 900sqm land area with dual street access
• 80% NBS
• Development site or owner-occupiers
• Holding annual net income of $200,000 + GST
Positioned just 100 metres from Wellington’s vibrant Cuba Street, this exceptional Te Aro property combines income, location, and long-term potential in one compelling opportunity.
Set on 900sqm of freehold land with dual street access from Marion Street and Furness Lane, the site includes a versatile mix of warehouse and office accommodation, plus 15 on-site car parks. With a seismic rating of 80% NBS, the property offers solid credentials for an owner-occupier while also presenting short to medium-term development potential for those seeking future uplift.
Currently leased to Garage Project, the property returns a strong annual net income of approximately $200,000 + GST, providing secure holding income while future plans are explored.
Whether as a strategic city fringe investment, redevelopment site, or future business base, this Marion Street asset delivers flexibility, performance, and position.