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5 & 6/59 Cambridge Terrace

Te Aro Wellington

3
2
160 m²
Apartment
Currently for sale - view listing

Overview

Flexible Opportunity - Buy One or Buy Both

Apartments 5 and 6 For Sale. A unique versatile opportunity to secure one or two well presented apartments in a highly convenient inner city location. Suitable for investors, owner occupiers, or those wanting to live in one apartment and rent the other for extra income. The building is red stickered yet fully tenanted - full information pack available. Bank loans will not be possible on these apartments. There is currently insurance on the building via the body corporate. Both apartments are well presented, are in good condition for tenants, and offer flexible use options. Apartment 6/59 (160m2) - Spacious New York Loft Style - buyer enquiry welcome from $150,000 A character-filled apartment offering generous space and flexibility. • Two bedrooms plus a large study or potential third bedroom • Huge open plan living area with polished wooden floors and plenty of natural light • Bar style kitchen, ideal for entertaining • Ensuite bathroom plus main bathroom • Dedicated private entrance This apartment would suit an owner occupier seeking space and style, while also appealing to professional or executive tenants. The location is superb with all local amenities on your doorstep. Apartment 5/59 (50m2) - Tidy, Income Producing Apartment - buyer enquiry welcome from $100,000 A very tidy low maintenance one bedroom apartment with established rental income. • Currently tenanted at $420 per week • Tenant keen to remain • Well maintained and in good condition • Ideal as a rental, or to offset costs while living next door Purchase Options • Buy one or buy both • Owner occupy one and rent the other, or invest in both • A flexible option suited to a range of buyers • Opportunities offering multiple use options, existing income, and a central location are increasingly rare. Remember the building is red stickered. Call us today to arrange a private viewing. Tender closes 12pm Wednesday 8th July 2026 at Tommy's Real Estate Limited, 209 Victoria Street, Te Aro, Wellington. (Vendor reserves the right to sell prior)

Features

3 bedrooms
2 bathrooms
160 m² floor area
Apartment

Happy sellers in Te Aro

67%
67% of sellers in Te Aro reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 71 reviews in Te Aro over the last 12 months.

Local market activity for 3 bedroom apartments in Te Aro

In the last 12 months, 17 three-bedroom apartments similar to 5 & 6/59 Cambridge Terrace, have been sold.

This represents a 128% decrease in three-bedroom apartments sales when compared to the previous 12 months.

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