Positioned in a prime pocket of Wellington, this versatile character property offers multiple pathways to create value - whether you're looking for a home and income, a strategic investment, or a project with future upside.
Configured as two flats (3 + 5 bedrooms), the property is fully tenanted and returning $93,600 per annum, providing immediate holding income while you plan your next move.
Set on a generous 634sqm site, the scale here is where the opportunity lies. With excellent sun, elevated views across the city, and glimpses toward Oriental Bay, the fundamentals are already in place - now it's about unlocking the potential.
Retaining classic character features and offering a flexible layout, there is clear scope to enhance, reconfigure, or explore longer-term development options (subject to due diligence).
Whether you choose to live in one and rent the other, landbank, or add value over time, this is a smart entry into a tightly held location.
Key Features:
• Two flats (3 + 5 bedrooms)
• $93,600 per annum income
• 634sqm* landholding - significant site
• 220sqm* floor area
• Flexible home & income or investment option
• Character features retained
• Elevated with sun and city/harbour outlook
• Add-value and development potential
• Also available: neighbouring properties - secure one, two, or all three
A property with options - and in this location, that's where the real value sits.
Tender closes 2pm Wednesday 10th June 2026 at Tommy's Real Estate Limited, 209 Victoria Street, Te Aro, Wellington. (Vendor reserves the right to sell prior)
