16 Waverley Street City Centre | Barfoot & Thompson

16 Waverley Street, City Centre

Sold May 2016

price information
We show sold price once a sale is settled. For pricing information in your area, contact the salesperson.
Contact

STRATEGIC BUYING OFF QUEEN STREET


The commercial market over the past twelve months has seen a continued firming in yields and strong growth in underlying land value, particularly in the CBD, where the land can be redeveloped in the future.

16 Waverley Street represents a rare opportunity to invest in a freehold stand alone building in the CBD with significant holding income; allowing time to assess the options to take advantage of the favourable underlying zoning potential in the land, or sit and hold and maximise the existing income.

The zoning under both the current and proposed Unitary Plan provides for a height limit of 50 meters and a site intensity of up to 6:1 (8:1 for residential subject to various controls)

The location is in close proximity to the CBD and the Education Precinct. As such it appeals for commercial, residential, student accommodation or hotel uses.

The property will suit investors, landbankers and developers that appreciate the unique combination of income and development potential along with the superb central city location.

• 731m² freehold site with three street frontages
• 7 level standalone office building
• 50m height limit and up to 6:1 site intensity (8:1 residential)
• Huge development potential with income
• IEP 100%
• Rating valuation $4,800,000
Read more
John Stringer
Murray Tomlinson

Property details

Location:
16 Waverley Street, City Centre
Property ID:
70656

Call John & Murray

John Stringer
Murray Tomlinson

Ask a question about 16 Waverley Street, City Centre

  • {{v}}

There was an error sending your email. Please try again later.

Your email was successfully delivered. We'll be in touch shortly.