186 Riddiford Street

Newtown Wellington

290 m²

245 m²

Apartment

Currently for sale - view listing

Overview

DUAL-INCOME FREEHOLD ON RIDDIFORD

Set on one of Wellington's most vibrant commercial strips, this mixed-use freehold presents a compelling high-yield investment with diversified income streams and long-term security. With two titles, established tenancies, and a strong net return, this is the kind of opportunity seasoned investors look for in tightly held Newtown. Upstairs, a spacious four-bedroom, 1 -bathroom and a second shower apartment, while below, a well-established café operates under a long lease creating a balanced blend of residential and commercial income on a single holding. Key features include: • Proven dual-income Investment, Commercial & Residential • Returning $105,000 gross per annum • Upstairs four-bedroom, one-bathroom and a second shower residential apartment • Ground-floor café with a six-year commercial lease in place (They would like to extend) • Approx. 290sqm^ of building area on 245sqm^ of land • RV $1,240,000 • No off-street parking Prime Riddiford Street, Newtown position, surrounded by hospitals, retail, hospitality, and constant foot traffic an area renowned for strong tenant demand and long-term growth. This is a set-and-forget style asset ideal for investors seeking immediate cashflow, mixed-use resilience, and a blue-chip city-fringe location. Opportunities like this in Newtown are tightly held, so contact us now to arrange a private viewing. ^Source of information: Property Guru, Nexus, Wellington City Council (non-verified) Disclaimer: Information displayed under Trade Me's property details section may be sourced from third-party records and council data. Lowe & Co Realty and its agents do not guarantee or warrant its accuracy. Purchasers should verify all details independently and are advised to seek independent advice.