Suburban Investment with Upside

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Suburban Investment with Upside

92-100 Karori Road, Karori, Wellington City

As Exclusive Agents, CBRE New Zealand is proud to present 92-100 Karori Road, Karori, Wellington for sale.

The property offers a small commercial investment building comprising four high-profile retail shops along with a detached single-level, two-bedroom residential dwelling located towards the eastern end of Karori.

The property has a gross floor area (GFA) of some 380sqm and sits on a 613sqm (more or less) freehold site on the northern side of Karori Road. Karori is an established and affluent suburb of Wellington with a population of over 15,000 people. The Wellington CBD is located approximately 5km (10 minutes’ drive) to the east.

The property is located within the ‘Neighbourhood Centre Zone’ of the operative Wellington City 2024 District Plan - Appeals Version, with an associated building height limit of 12 metres above ground level.

The property is being offered for sale by negotiation. Offers are to be submitted on the prescribed form which can be downloaded via the Electronic Data Room.

This is a fantastic opportunity to acquire a small commercial investment property comprising four high profile retail shops and a detached two-bedroom residential house in the popular suburb of Karori. Accordingly, CBRE strongly recommends your early consideration of this investment opportunity and encourages interested parties to get in touch without delay.

For further information, please contact one of the nominated brokers.