Prime Corner Investment in the Heart of Miramar

  1 Park Road is a prominent retail and commercial building occupying a high-profile corner in Miramar, one of Wellington’s most vibrant suburbs.   The property has a strong leasing history and is fully leased to four established tenants: Spirit House Thai Restaurant, Mr Bun Bakery & Coffee Shop, Wellington Compounding Pharmacy and Peak Physio. This provides a reliable net income stream of approximately $153,484 + GST per annum, with a net lettable area of 549 m². Tenants benefit from on-site parking and an ATM, supporting steady customer traffic.   The site spans 748 m² and presents future development potential with a current height limit of 22 metres, particularly given the success of recent small to medium-scale residential developments in the area.   1 Park Road offers immediate cashflow and long-term upside in a tightly held, sought-after part of Miramar, making it a rare opportunity for investors seeking a secure, income-producing property.   For more information or to arrange an inspection contact:   Hamish Templeton on 029 127 0018  or hamish.templeton@colliers.com   Alistair Robertson on 021 418 647  or alistair.robertson@colliers.com   *Please note all areas and values are approximates only. Features: * High profile corner site * 100% leased * Strong tenant mix * Net passing income $153,484 + GST p.a. (approx.) * Future development potential * Tightly held location * On-site car parking More information: https://www.colliers.co.nz/p-NZL67037301