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Listed 3 months ago

ID#496786

Te Aro

Wellington Central
PBN
6
2
Approx
191
Approx
168
* 191m²≈2,056 sq.ft.   168m²≈1,808 sq.ft. (0.02 Ha)

Outstanding Investment / Development Opportunity

This 2-flat property offers what is unquestionably a rare investment and development opportunity in a prime inner-city location with harbour views, all-day sun and the possibility of future development.
Consisting of two 3-bedroom flats, this property currently returns $1400 - $72,800 per annum. Combine the purchase of this excellent investment with 71 Nairn Street (its neighbour to the rear) to create a sought-after development site, particularly if changes under the Wellington City Council draft spatial plan go ahead.
Both properties are offered by Tender individually or together. A combined gross return of $165,100 per annum offers a very attractive holding income for any investor. Only two owners in the past 50 years is an indication of excellent tenure. For an appointment to view, contact the Vendor's agents.

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Agents

Lisa Durrant

Team Wellington Ltd MREINZ

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

Jim Stuck

Team Wellington Ltd MREINZ

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

This property was photographed by

David Garratt

Wellington Central/North

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