18 May 2010

Bypass buildings sold

1:46 pm on 18 May 2010

Properties in a part of central Wellington that has become known as a ghost town, have been sold by the Transport Agency.

Fifteen of the 17 buildings sold for $7.5 million. They were relocated to the Tonks Grove Precinct in 2006 to make way for an inner city bypass.

One buyer, who paid about $600,000 for two cottages, says he will turn the 1880s cottages into serviced apartments.

Transport Agency regional director Deborah Hume says the sales will revitalise the area.

The only two properties not to sell were the Stagecraft theatre and the old Bar Bodega building because the tenders were too low.