**ENQUIRIES WELCOME FROM $749,000
209 Rintoul Street presents a compelling, flexible opportunity for investors or buyers seeking a home-and-income setup. Comprising two separate three-bedroom flats plus a rented garage, this property boasts a proven rental history. With three distinct income streams and excellent future potential, it offers a prime slice of city-fringe real estate.
Upstairs Flat
Three bedrooms, one bathroom
Currently leased at $525 per week (temporarily discounted) until December 2026, then $545 per week until June 2027
Downstairs Flat
Three bedrooms, one bathroom
Currently leased at $560 per week on a periodic tenancy
Garage
Currently leased for $260 per month
The property has benefited from a new roof, rewiring, internal painting and regular maintenance, providing a solid foundation while still offering scope to add further value over time.
With current combined rental income of $59,645 per annum, there is also scope for improved returns as rental market conditions allow.
Current combined rental income is $59,645 per annum, increasing to $60,685 per annum when the temporary upstairs rent reduction ends in December 2026.
Additional features include:
• WCC rates: $5,763 per annum^
• Tiaki Wai water rates: $2,807.05 per annum^
• Building insurance: $3,640.88 per annum^
• Not on the EQC register and EQC compliant
• Common area for bike storage
Whether you're looking to strengthen an existing portfolio, secure a reliable investment or explore a home-and-income proposition, 209 Rintoul Street deserves your attention.
This is an opportunity to secure a substantial triple-income property in a popular Wellington location, with the fundamentals already in place and plenty of scope for the future.
For a comprehensive property information pack, contact Harry Eggers on 021 777 806.
^Source of information: Property Guru, Nexus, Wellington City Council (non-verified), QV, Floor Plan
^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.
