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192-206/208 Adelaide Road

Newtown Wellington

5396 m²
Other
Currently for sale - view listing

Overview

Significant Mixed-Use Development Opportunity

• 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 Centre • Small portion zoned High Density Residential • Southern Cross Hospital & Ronald McDonald House are also only a stone's throw away • Maximum building height of 27 metres • Minimum build height is only 4 metres • Mixed-use development potential including commercial, retail, community, recreation and residential uses • Existing income-producing asset with lease to Care Park - $450k holding income • Servicing 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. Tender Closes Thursday 16th July 2026 at 12noon (will not be sold prior)

Features

5396 m² lot size
Other

Happy sellers in Newtown

86%
86% of sellers in Newtown reported that their sale price either exceeded or met their price expectations.

Newtown stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 31 reviews in Newtown over the last 12 months.

Local market activity for other properties in Newtown

In the last 12 months, 2 other properties similar to 192-206/208 Adelaide Road, have been sold.

This represents a 100% decrease in other properties sales when compared to the previous 12 months.

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