A prime 1.094 ha block of land situated at 54 Leighton Avenue in the desirable Lower Hutt suburb of Waiwhetu is for sale by tender. The section is ideal for residential property developers looking for a quality opportunity, in a sought after location, close to the nation’s capital.
Harcourts Lower Hutt is exclusively marketing the property on behalf of KiwiRail. The vacant section will be sold fee simple by tender direct to KiwiRail. Tenders close Wednesday, 25 March.
Harcourts Lower Hutt general manager, Gary Nicholson says that the success of subdivisions in the neighbourhood over the past few years will generate plenty of interest in this high profile sale.
“This popular neighbourhood has yielded multiple quality subdivisions in recent years. Buyers like the area for its central location and easy access to road and rail links. It’s also brilliantly located for shops, schools and transport,” says Nicholson.
The section is located about 20km north of Wellington CBD with easy access via State Highway 2. Lower Hutt is just few minutes’ drive away via the regional road network.
Closer to home, the Waiwhetu neighbourhood enjoys a selection of stores and eateries, and is close to Waterloo village shopping. There are local kindergartens and primary schools and the area is zoned for Hutt Intermediate and Hutt Valley High School.
Woburn train station is within easy walking distance of the property.
There is a 50m2 site of significance within the section. The land is zoned General Residential, Hutt City District Plan.
The section has a stunning hillside backdrop, and is in close proximity to bush walks within the Hayward Eastern Hills Scenic Reserve.
The Hutt Valley Golf Course and Wellington Harbour waterfront with popular McEwan Park are within walking distance of Leighton Avenue.
Nicholson says that along with its central location, access to the outdoors lifestyle is what sets this opportunity apart from the rest.
“This property has enormous potential for a quality development that will capture the interest of New Zealander’s who want an easy commute to work, good access to schools and healthcare with the added bonus of the great outdoors on their doorstep,” says Nicholson.
Nicholson adds that with current economic conditions, now is a good time to invest in the Wellington property market.
“The Wellington property market has lagged behind Auckland and Christchurch in recent years but is now beginning to show signs of recovery from the after effects of the global financial crisis.
“With rising immigration, current low interest rates and a solid economic outlook, I’d expect that a quality development in this location will deliver a sound return on investment.”
For more information contact:
Gary Nicholson
General Manager
Harcourts Lower Hutt
Ph: 027 542 7747