This property is now under offer.
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.
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