51 Edgecombe Street Newlands, Wellington City

Spread across a sprawling, sun soaked 4335sqm section with wonderful views, 51 Edgecombe Street is a rare offering and a once in a lifetime opportunity for developers looking for their next statement project in a growing area, or owner occupiers looking for a fantastic site to build their forever home, and everything in between.

With drive on access and an 80sqm two bedroom dwelling on the site currently, options abound with approved plans for a 12 townhouse development. Either way, the choice is yours and the property is packed with potential.

A standalone, weatherboard, two bedroom home on the property currently delivers reliable rental income and provides cash flow, but is need of renovations. Renovate the dwelling, remove it, create a statement development project: whatever way you look at it, there is extraordinary potential for this site, and this is your opportunity to unlock it.
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More features of this wonderful property include:
• Great views over the valley.
• Multiple potential entry points, which could help unlock the site further.
• Drive on access to a large garage as well as additional off street parking.
• Only minutes from Newlands shops and public transport routes.

With other projects on the go, our vendor has made it clear they are ready to move on, and encourage all offers.

Contact Christy Kimble on christy.kimble@raywhite.com or 0277275136 for more information or to arrange a viewing.

BEO $995,000 - No deadline to wait for!