Century City Carpark-Hotel Development
60 Tory Street
Wellington
Square Meters
NZ
GV
To be determined, awaiting Unit Titles.
Sale Price
$35,000.oo including GST
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This project comprises a substantial Roger Walker designed carpark, hotel and apartment development . The site is located approximately 250 metres south of the intersection of Tory Street and Courtenay Place in the heart of the area recognised as Wellington’s entertainment precinct, one of Wellington’s busiest and fastest growing areas.
Development of this site is to be planned over three stages comprising;
Stage 1: 654 Carpark building plus 100 temporary rooftop carparks
Stage 2: 85 boutique serviced apartment tower plus a shop and café
Stage 3: 163 rooftop apartments above the carparking building
Initially we invite you to invest in the carparks, being freehold unit titled property. As such, ownership remains with the title holder and is an asset which can be sold at any time. For $35,000 per carpark including GST (calculated at 0% if you lease back to the operator, Wilsons Parking Ltd) this is a low-risk investment with a minimum fixed return of 7% over 1 year or $1820 nett pa, with a rent review every 2 years.
This is a fantastic opportunity for capital growth and future income - for further information please contact our friendly staff.
All prices exclude GST , Rates are subject to change
For enquiries please contact
Our Office on 801-8463
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