Opportunities like this are exceptionally rare. Set on a single title in tightly held Mt Cook, this unique investment package comprises three stand-alone two-flat villas delivering six separate income streams and producing an impressive $2,919 per week (over $150,000pa).
With strong existing returns, diversification across multiple tenancies, and several potential value-add pathways, this is the type of asset sophisticated investors, family trusts, and portfolio builders actively seek but seldom find.
- Rare investment holding comprising three stand-alone two-flat villas on one title
- Six separate income streams providing diversification and reduced vacancy risk
- Strong existing cashflow of $2,919 per week (~$152,000pa)
- 72 & 74 Tasman Street configuration: each property comprises a 3-bedroom flat plus a 2-bedroom flat to the rear
- 76 Tasman Street configuration: one 2-bedroom flat with a 1-bedroom flat at the rear
- Multiple ways to unlock further value including subdividing and selling as individual home & income properties
- Potential development opportunity now or in the future (buyers to complete their own due diligence)
- Ideal for long-term hold with strong rental income and capital growth potential
- Prime Mt Cook location within walking distance to the CBD, Massey University, Wellington Hospital, and city amenities tenants love
- High tenant demand area known for consistent rental performance
- RV $2,220,000
- Rates $14,852.85pa
- Offers Invited Upwards From $1,745,000
A versatile, high-yield opportunity in one of Wellington's most sought-after rental suburbs. Whether you're expanding a portfolio, securing a blue-chip landholding, or exploring future development and exit strategies, opportunities of this scale and flexibility are seldom available.
Source of information: Property Guru, Nexus, Wellington City Council (non-verified).
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