and 208 Adelaide Road, Newtown, Wellington City

Registered Valuation March 2026 $11,850,000 plus GST An exceptional opportunity to secure a substantial landholding comprising approximately 5,396m², strategically zoned Local Centre, with a small portion zoned High Density Residential.Positioned within an established and growing residential catchment, the property offers significant development potential under the Local Centre zoning provisions, which support a diverse mix of commercial, community, recreation, and residential activities. Residential development is permitted above ground-floor commercial uses, creating the opportunity for a vibrant mixed-use precinct.Key development highlights include: Site Area: 5,396m² (more or less)Predominantly zoned Local CentreSmall portion zoned High Density ResidentialSouthern Cross Hospital & Ronald McDonald House are also only a stone's throw awayMaximum building height of 27 metresMinimum build height is only 4 metresMixed-use development potential including commercial, retail, community, recreation and residential usesExisting income-producing asset with lease to Care Park - $450k holding incomeServicing a well-established residential catchment and neighbouring suburbs This is a rare opportunity to acquire a strategically located development site with immediate holding income and substantial long-term redevelopment potential in a growing urban environment.