Back 246 Tinakori Road
Off Market

246 Tinakori Road

Thorndon Wellington

4
2
360 m²
739 m²
House
Mark HamiltonMark Hamilton, last sold this property on 26 March 2026 after 149 days on market.

Overview

Blue-Chip Mixed-Use Investment

This is a rare opportunity to secure a high-performing, low-risk commercial/residential investment in one of Wellington's most tightly held and strategic locations. Positioned on the edge of the CBD-adjacent to Premier House and close to key arterial routes-this fully leased property offers an exceptional combination of income security, location, and future upside. The ground floor is occupied by a well-established dental practice on a robust lease term, delivering reliable commercial income. Above, two residential apartments provide additional cash flow with virtually no vacancy history, offering a diversified and resilient income stream. Key Investment Highlights: • Mixed-use investment: dental practice + 2 residential apartments • Prime fringe CBD location - next to Premier House and key transport links • Approx. $163,000 total annual income and $137,000 net • Commercial lease includes annual rent increases • Secure long-term lease: 4 years + 4-year rights of renewal (2 years into first term) • Low outgoings - approx. $25,000 p.a. (excl. GST). The commercial space is a semi net lease. • 8 valuable on-site car parks • High-profile site with excellent access and visibility • 95% NBS (2025 Miyamoto) This is a truly passive "set-and-forget" investment with minimal management required. With long-standing tenancies, strong cash flow, and rare location advantages, this property stands out as a blue-chip investment opportunity in Wellington's evolving city fringe. Opportunities of this quality and stability are seldom available-act now.

Features

4 bedrooms
2 bathrooms
360 m² floor area
739 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Thorndon over the last 12 months, the estimated median property value of 246 Tinakori Road is $1.68m.

Median value
$1.68m
Estimated value range
$1.09m - $2.99m
Median days on market
109
Estimated value trend
24%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Thorndon. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 246 Tinakori Road

2026
Sold
26 Mar 2026 by Mark Hamilton, of Tommy's Real Estate Wellington City

Happy sellers in Thorndon

<50%
Less than 50% of sellers in Thorndon reported that their sale price either exceeded or met their price expectations.

Thorndon stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 24 reviews in Thorndon over the last 12 months.

Local market activity for 4 bedroom houses in Thorndon

In the last 12 months, 5 four-bedroom houses similar to 246 Tinakori Road, have been sold.

This represents a 500% decrease in four-bedroom houses sales when compared to the previous 12 months.

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