** Offers invited over: $850,000 **
Held and carefully maintained for four decades, this is a rare chance to secure a versatile, income-generating property in sought-after Ngaio. Set on a substantial 1,131sqm^ site, this well-presented block of three one-bedroom flats offers immediate returns with future upside, whether you're looking to invest, develop, or occupy while earning.
- First time on the market in 40 years – tightly held and well maintained
- Three self-contained one-bedroom flats, each with their own bathroom and separate living room
- Flexible configuration with the top unit currently vacant – ideal for owner-occupiers or full tenancy
- Consistent rental appeal with easy-to-manage layouts
- Generous 1,131sqm^ section offering potential for future development (subject to due diligence)
- Sunny aspect providing a light-filled, comfortable living environment
- Off-street parking available for tenants
- Located in popular Ngaio, with easy access to key transport routes and the highway for convenient commuting
This is an excellent fit for investors seeking reliable income, developers looking for land potential, or buyers wanting to live in one and rent the rest. Opportunities like this are seldom available in such a tightly held location.
Potential rental income of $1,220 per week when all three units tenanted.
NB: With respecting our tenants quiet enjoyment, viewings are limited by appointment only. Information Pack available upon viewing.
^Source of information: Property Guru, Nexus, Wellington City Council (non-verified).
