Occupy, invest or develop.
Prominently situated on the corner of High and Margaret Streets, a short stroll from Queensgate Mall, and amongst all the apartment developments. This property will appeal to investors wanting to buy in a growth area, developers wanting to capitalize on the revival of the city’s CBD, and business owners not wanting to waste money on paying rent.
In the coming 12 months, 133 apartments will be completed in the near vicinity, along with the 60 room Sebel Hotel bringing a huge increase in shoppers and evening patrons seeking a drink or bite to eat.
The Hutt City Council has committed to investing in excess of $138 million in the RiverLink project that includes the construction of a walking and cycling bridge linking the railway station directly with Margaret Street. This is sure to lead to more developments in the CBD, bringing more people into the city, and increasing foot traffic. The RiverLink project is estimated to add $2.5 billion to the Hutt economy.
The ground floor has a fully fitted-out kitchen and amenities from its previous use as a cafe, with seating for 60+. Easily adapted to a wide range of uses including restaurant, bar, craft brewery or converted back to retail (there are floor to ceiling windows – once home to Country Road)
The upper level has recently been used as an office and is self-contained with its own amenities.
This property also has ‘top popping’ potential, if your desire is to build apartments above.
Car parking at the rear is accessible from Margaret Street.
As the new owner, you can be confident that you are investing in a growth area.
Due Diligence Information
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