CBRE Wellington
Real Estate Services
- Listing #:
- WGN100600
- Listed:
- 14 days ago
Deadline Sale
Wed 1st Apr 4:00pm
Occupy, Invest or Reposition on Cuba Street
438-442 Cuba Street, Alicetown, WellingtonCommercial Land
-
- 775m2 Floor Area
-
- 1,183m2 Land Area
About this property
CBRE New Zealand is pleased to present 438-442 Cuba Street, Lower Hutt for sale by Deadline Private Treaty closing Wednesday 1st April 2026, at 4pm (unless sold prior).This strategically located property comprises an existing multi-unit building with a gross floor area of approximately 775sqm, suitable for both investors and owner-occupiers. The building will be sold mostly with vacant possession, as the existing tenant and owner-occupier are planning to retire after more than 20 years in business.
Positioned on a substantial 1,183sqm (more or less) corner site, the property offers ample parking and secure yard space. This is an excellent opportunity for investors and owner-occupiers, and particularly for developers, given its strong redevelopment potential in a proven location.
Investment Highlights:
• Multi tenancy building: Configured into three separate tenancies, providing the potential for diversified income and cash flow for an investor.
• 70% NBS (Steven Young and Associates ISA February 2026).
• Strong underlying land value: Supported by a generous landholding in a tightly held part of Lower Hutt.
• Zoning: Suburban Mixed-Use Zone under the Lower Hutt District Plan, allowing for a wide range of commercial and mixed-use activities, with a maximum permitted building height of approximately 22 metres.
• Central Lower Hutt location: Prominently positioned on Cuba Street with good access to the Lower Hutt CBD, Queensgate, public transport, and key arterial routes.
• Growth: Lower Hutt continues to benefit from ongoing infrastructure investment, population growth, and urban regeneration, supporting long-term tenant demand and capital appreciation.
For more information, please contact either Kane Kingston or Dharmendra Mistry.
*Boundary lines are indicative only.
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