Options abound with this three-flat property with wonderful waterfront views just minutes from one of Wellington's best suburban shopping centres. Snap it up as an out-right investment with multiple income streams for amazing cash flow or live in one flat and rent out the others to pay your mortgage in next-to-no time! Or buy this property with friends to get onto the property ladder! Features include:
• Three self-contained flats: one has three double bedrooms, the second has two bedrooms, and the third has one — all with heat pumps
• Possibly subdividable or an option of adding additional dwelling – subject to Wellington City Council approval
• Numerous lifestyle and investment options, from shared ownership and home-and-income to multi-income investment and extended family living
• Enjoy the substantial 3-bed option as a family home, complete with '20s trappings like bay windows, Carrara ceilings, charming window seat, and separate living and dining
• Captivating Evans Bay views from each flat, especially the 3-bed unit
• Flat lawn front and back, so plenty of outdoor space for summer living
• On the bus route and just a short walk from Kilbirnie's retail and recreational hub
• Handy to Lyall Bay and Evans Bay beaches as well as the town belt for scenic strolls and mountain biking
• Shared access/pathway to Duncan Terrace
• Previously rented for $98,280 per annum
• Flat 1 – 1 bedroom flat - currently rented for $480 a week (periodic tenancy), Flat 2 – 2 bedroom – currently rented for $610 a week (periodic tenancy) and Flat 3 – 3-bedroom flat – currently vacant but rented at $800 a week previously.
This is an exceptionally versatile opportunity in a great location that you could capitalise on by adding value to your leisure with the bonus of cash flow to pay for it!
Don't miss the scheduled open home or please call Jackie Farrell at 021 491 943 for a private viewing.
Tender closes 12pm, Thursday 10th September 2026 at 8 Kent Terrace, Wellington (will not be sold prior)
*Source of information: Property Guru, Nexus, Wellington City Council (non-verified)
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.
