12/370 Oriental Parade

Twin-Key Beachside Apartment with Carpark

Opportunities like this are hard to find in Oriental Bay. Positioned within the former Rafaelle Hotel and right across the road from the beach, this twin-key apartment combines premium location, flexible living, and impressive income potential in one smart package. Whether you are a first-home buyer looking to offset the mortgage, an investor chasing strong returns, or someone wanting space for family, guests, or short-stay use, this is a compelling blue-chip option.

- Twin-key apartment setup comprising a two-bedroom apartment plus a separate self-contained studio
- Premium beachside position in Oriental Bay, directly opposite the waterfront and moments from the city
- North-west facing aspect with excellent sun and wide views across the bay, park, sea, and city
- Fantastic home-and-income or investment proposition with recent rental figures of $795 per week for the two-bedroom apartment and $490 per week for the furnished studio
- Great option for buyers wanting to live in one and rent the other to help reduce mortgage costs
- Two-bedroom apartment includes open living, one bathroom, a modest front deck with park and sea/city outlook, plus a second rear deck off the second bedroom
- Separate studio offers generous open-plan kitchen, living, and sleeping space, along with its own bathroom and excellent outlook
- Very good condition throughout with tiled bathrooms and engineered stone kitchen benches
- Generous lawn in front of the building enhances the relaxed beachside setting
- Easy walk to the city for work, dining, entertainment, and everyday convenience in one of Wellington's most desirable suburbs
- Secure single carpark
- BC levies $16,734.65pa
- RV $890,000
- Rates $5,397.44pa

For sale by TENDER - Offers invited from $819,000
- Closes 1pm Thursday 30 April 2026
- At Lowe&Co Realty, 8 Kent Tce, Wellington
- The vendors will not consider offers prior to the tender deadline

This will appeal to first-home buyers, professionals, extended families, and investors looking for flexibility, lifestyle, and strong income in a tightly held waterfront location. Dual-income opportunities in Oriental Bay are rarely available, and this one offers sun, views, parking, and proven rental appeal, so make sure you view this Sunday. I reckon you will probably love it!