VERSATILE 3-FLAT INVESTMENT

Options abound with this three-flat property with wonderful waterfront views, just minutes from one of Wellington's best suburban shopping centres. Snap it up as an outright investment with multiple income streams and strong cash-flow potential, or live in one flat and rent out the others to help pay the mortgage. This property does have deferred maintenance and would be suited to a buyer who has a trades type background or property investor.

Features include:
• Three self-contained flats: one has three double bedrooms, the second has two bedrooms, and the third has one " all with heat pumps
• Possibly subdividable or an option of adding an additional dwelling - subject to Wellington City Council approval
• Numerous lifestyle and investment options, from shared ownership and home-and-income to multi-income investment and extended family living
• Captivating Evans Bay views from each flat, especially the 3-bed unit
• Flat lawn front and back, providing plenty of outdoor space for summer living
• On the bus route and just a short walk to Kilbirnie's retail and recreational hub
• Handy to Lyall Bay and Evans Bay beaches, as well as the town belt for scenic strolls and mountain biking
• Shared access/pathway to Duncan Terrace
• Previously rented for $98,280 per annum up to mid 2026.
• Flat 1 - 1 bedroom flat - is currently rented for $480 a week - soon to be vacant
• Flat 2 - 2 bedroom flat - is currently rented for $610 a week - soon to be vacant
• Flat 3 - 3-bedroom flat - rent appraisal for $750 a week - to be rented on periodic tenancy agreement

This is an exceptionally versatile opportunity in a great location, with the flexibility to capitalise on the property's potential while enjoying the bonus of multiple income streams.
Please call Jackie Farrell at 021 491 943 for a private viewing or come to one of the open homes.

Tender closes 12pm, Thursday 15th October 2026 at 8 Kent Terrace, Wellington (will not be sold prior)

*Source of information: Property Guru, Nexus, Wellington City Council (non-verified)

Information displayed under Trade Me's property details section may be sourced from third-party records and council data. Lowe & Co Realty and its agents do not guarantee or warrant its accuracy. Purchasers should verify all details independently and are advised to seek independent advice.