Large Redevelopment Opportunity
Being offered to the market is a unique opportunity to secure three buildings which currently has 4 tenancies on 1500m2 of land. This property spans from Victoria Street to Alexandra Street and offers a holding income of approx $200,000 and a sealed carpark with 16 parks. Upstairs at 30 Alex (the old Altitude) is vacant and lends itself to office or apartments, which could be extended over the vacant area currently used as a carpark, the opportunities are endless.
Explore the options to land bank or redevelop and be in the heart of the city, which is currently seeing massive redevelopment investment. Astute purchasers could explore the option of acquiring nearby properties to increase the redevelopment area. Meaning access from Waikato Regional Theatre to Union Square.