Kingston, Southern Suburbs

33742950

Investment opportunities of this calibre are tightly held and seldom released. Purpose-built in the 1960s, this immaculate block of four one-bedroom apartments has been comprehensively refurbished to a standard that will impress even the most discerning investor.
Each apartment has been thoughtfully upgraded, with major capital works already completed, including rewiring, double glazing throughout, and a brand-new roof. The result is a low-maintenance, future-proofed investment offering peace of mind and enduring appeal.
Positioned to capture sweeping views and excellent natural light, the property enjoys a quiet Kingston setting while remaining close to transport links and the CBD fringe-an attractive combination for long-term tenants.

Key features include:
• Purpose-built 1960s construction
• Four immaculately refurbished one-bedroom apartments
• Rewiring completed
• Double glazing throughout
• Recently re-roofed
• Replumbed
• Gas infinity hot water for each unit
• Fibre installed
• Elevated outlook with excellent views
• Off-street parking for each unit. Resealed driveway
• Combo F&P washer/ dryers and F&P dish drawers for each unit
• Strong tenant appeal and reliable income stream
• Current income stream of approx. $99,000pa ($1900/week)

This is a textbook set-and-forget investment, offering quality, location, and security in equal measure. A rare opportunity to acquire a tightly held block in a proven Wellington suburb, with all the hard work already done.

Blue-chip fundamentals, enduring demand, and long-term capital growth potential make this a compelling addition to any serious investment portfolio.