* 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.