Outstanding Development Potential - Investment with Income

First time ever marketed as a total package and owned by vendors for over 40 years, this is high-profile real estate located in the main retail and commercial area of Petone. It occupies what is undoubtably a very desirable parcel of land, including seven shops, eight flats, plus a two-bedroom cottage, workshop and two-bedroom flat.
Current commercial income: $171,237 PA (excl GST)
Current residential income $117,000 PA.
The income stream from leasing and renting will be a definite advantage to any purchaser considering short or long-term re-development plans.
Petone is currently undergoing both a residential apartment, retail and commercial growth phase, as a consequence large well-positioned parcels of land are difficult to obtain. Total combined land area: 1,298 square metres more or less.
143-153 Jackson Street: WN58A/220 Fee Simple 610m2 more or less, RV $1,830,000
155-159 Jackson Street: WN58A/221 Fee Simple 450m2 more or less, RV $1,150,000
46 Nelson Street: WN58A/222 Fee Simple 288m2 more or less, RV $500,000