ESTATE SALE - BLUE CHIP BLOCK OF FIVE

House Sold - Mount Victoria Wellington

RV $1,910,000

First time offered in nearly 60 years is a rare opportunity to acquire a blue-chip property in one of Wellington’s prime residential and rental locations. The property is elevated above the scenic Chaffers Marina and offers;
• Five flats that include; 1 X 3 Bedroom, 3 X 2 Bedroom, 1 X 1 Bedroom
• All fully tenanted on fixed leases at $112,710 pa with potential future upside in rent
• A flat sunny site with a backyard that provides expansive inner harbour and city views
• An ability to re-establish the property into a large family home (facing the harbour) and two purpose built flats (facing the road)
• One carport, plus off-street parking for an additional car
• LIM and Engineering report available

This premium central location is highly sought after, walk down the zigzag track to Oriental Bay, or stroll down Hawker Street into the CBD. With a strong rental history and the added long-term potential for capital growth and redevelopment, this property presents a unique opportunity for astute investors.

Call or email for viewing times.