Occupying a prime position in Newtown, directly opposite Wellington Public Hospital, this 293 sq m site offers an exciting opportunity for investors and developers.

With two street frontages, the property has legal access from both Riddiford Street and Adelaide Road. Currently home to a single storey cafe on Riddiford Street (requiring remedial earthquake strengthening) and an Art Deco style building split into two apartments.

Already achieving an attractive rental return, Purchasers may choose to maintain and upgrade the current configuration, or completely redevelop the site, maximising their investment in this very strategic location.

Price: $1,450,000 + GST (if any).