ID#496786 - Te Aro, Wellington Central

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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Lisa Durrant

Team Wellington Ltd MREINZ

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

Lisa Durrant has been involved in property for more than 25 years, so knows what it means to be a buyer, a seller, property investor and developer both in the city and rural areas. This experience is backed by many years working for award-winning newspapers writing and editing features, including lifestyle and property publications. She has also owned her own communications business and, along with her late husband, a number of well-known Wellington restaurants. Since relocating back to her home town of Wellington six years ago, Lisa has enjoyed a successful career in real estate residential sales

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