Thorndon

32604317

This is a rare opportunity to secure a high-performing, low-risk commercial/residential investment in one of Wellington’s most tightly held and strategic locations. Positioned on the edge of the CBD-adjacent to Premier House and close to key arterial routes-this fully leased property offers an exceptional combination of income security, location, and future upside.

The ground floor is occupied by a well-established dental practice on a robust lease term, delivering reliable commercial income. Above, two residential apartments provide additional cash flow with virtually no vacancy history, offering a diversified and resilient income stream.

Key Investment Highlights:
• Mixed-use investment: dental practice + 2 residential apartments
• Prime fringe CBD location – next to Premier House and key transport links
• Approx. $163,000 total annual income and $137,000 net
• Commercial lease includes annual rent increases
• Secure long-term lease: 4 years + 4-year rights of renewal (2 years into first term)
• Low outgoings – approx. $25,000 p.a. (excl. GST). The commercial space is a semi net lease.
• 8 valuable on-site car parks
• High-profile site with excellent access and visibility
• 95% NBS (2025 Miyamoto)

This is a truly passive “set-and-forget” investment with minimal management required. With long-standing tenancies, strong cash flow, and rare location advantages, this property stands out as a blue-chip investment opportunity in Wellington’s evolving city fringe.
Opportunities of this quality and stability are seldom available-act now.