Newtown

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SOLD

Wellington
6
2
N/A
191sqm
168sqm
Wellington
proudly marketed by
Lisa Durrant
Team Wellington Ltd MREINZ
Outstanding Investment / Development Opportunity
This 2-flat property offers what is unquestionably a rare investment and development opportunity in a prime inner-city location with harbour views, all-day sun and the possibility of future development. Consisting of two 3-bedroom flats, this property currently returns $1400 - $72,800 per annum. Combine the purchase of this excellent investment with 71 Nairn Street (its neighbour to the rear) to create a sought-after development site, particularly if changes under the Wellington City Council draft spatial plan go ahead. Both properties are offered by Tender individually or together. A combined gross return of $165,100 per annum offers a very attractive holding income for any investor. Only two owners in the past 50 years is an indication of excellent tenure. For an appointment to view, contact the Vendor's agents.
Question
Upload by David Garratt
Wellington Central/North
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