246 Oriental Parade

Absolute Iconic Waterfront Apartment Complex

This is one of the very best residential investment properties you will find in central Wellington or New Zealand!

Sitting proudly on Oriental Parade, Oriental Bay. This 4 unit titled complex is perfection for the educated investor or family trust in terms of quality, aspect and long term growth.

Configured as four Apartments + 3 separate garages in excellent condition, properties like this are few and far between. The apartments enjoy a lot of character features and uncompromised inner harbour views and sun. Healthy Homes compliant, this deluxe property is a must see. Floor Area 440m2 (combined) Land Area 175m2. Enquiries welcome from $4,500,000.

The Facts:

Comprised as three 2 Bedroom Apartments (all on periodic tenancies) + one 1 Bedroom Apartment (fixed to Aug 2024) + three 1 car garages.
All on separate Unit Titles so could be sold separately in the future
RV $5,145,000 (combined) WCC Rates $21,080pa + Building Insurance (Vendors) $37,598pa
The opportunity exists to acquire this premium investment in entirety located in one of the most sought after inner city suburbs in New Zealand. This is surely a once in a lifetime opportunity. One would say it's a strategic addition to any individual, family trust or investor's portfolio.

For a comprehensive information pack please call Harry Eggers on 021777806.