CBRE New Zealand is proud to present 142 Adelaide Road, Mount Cook, Wellington for sale.

This offering is incredibly well-located in sought after Mount Cook, presenting a great opportunity to acquire a property that allows for fantastic occupation or add-value angles. The building is available with vacant possession and has a seismic scheme designed for 100% NBS, with works underway.

Located on a main arterial route, 142 Adelaide Road sits on a 581sqm Freehold site and has a gross floor area of 535sqm. The light industrial/commercial workshop/warehouse building was formerly used as a bakery with a two-level component at the front, and the upper level having been converted to a residential apartment. There are also six car parks associated with the property situated at the front and back of the building.

The property sits on the southern edge of the Newtown commercial centre, sharing in commercial activity along Adelaide Road and Riddiford Street. Mount Cook and Newtown are well served by commercial facilities landing in proximity to Wellington Hospital and the surrounding residential population, including a large number of multi-unit residential properties.

The intensification of residential and commercial activities are encouraged by the District Plan within the ‘centres’. This allows for options under ‘Centre Zoning’ use and gives way for more efficient engagement of existing infrastructure and resources.

CBRE strongly recommends your early consideration of this Adelaide Road investment opportunity and encourages interested parties to get in touch without delay.

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