Opportunities like this are few and far between. Set in one of Hataitai's most tightly held streets, this five-flat investment property offers the ideal combination of immediate income, long-term capital growth, and future upside. With a strong rental return already in place and scope to add further value over time, this is an exceptional opportunity for investors looking to secure a quality asset in one of Wellington's most consistently sought-after suburbs.
Features include:
- Five self-contained flats comprising one two-bedroom unit, three one-bedroom units and one studio.
- Returning approximately $114,140 per annum in rental income.
- Four valuable off-street car parks, a sought-after feature in this city-fringe location.
- Two flats enjoy sea views and a stunning outlook beyond.
- Easy-care section with low ongoing maintenance.
- Excellent value-add opportunity to undertake cosmetic improvements and enhance future rental returns.
- Overall occupancy rate over the last 5 years is 99.8%.
- Highly desirable city-fringe location with strong tenant appeal.
- Minutes from Hataitai Village, Kilbirnie, public transport, the CBD, Wellington Hospital and Airport.
With quality multi-unit investments becoming increasingly difficult to secure, this property represents an outstanding addition to any portfolio. Whether you're looking for a reliable income-producing asset, a long-term hold with capital growth potential, or an opportunity to unlock further value, this is a rare offering in a blue-chip Wellington location that deserves your attention.
