Fringe Residential/ Commercial Mix

House Sold - Thorndon Wellington

Here’s an opportunity to own a brilliantly located residential/ commercial complex with excellent cash flow and further capital growth potential. This property has a fantastic Tinakori Road location with close proximity to the CBD and government precinct. The large tenant base minimizes risk to prudent investors. This high profile property offers easy access, further rental upside, and an owner/ occupier option. The opportunities are endless with this unique building in such a tightly held location.

Features:
• Residential/ commercial mix
• Strategic fringe CBD location
• High profile high socio-economic area
• Commercial returns approx $34,800p.a
• Commercial tenant vacating Nov 2020
• Fixed-term residential tenancy upstairs returning $630/ week ($32,760pa approx.)
• High stud and character features
• Immaculate commercial space beneath and a 2/3 bedroom apartment above

With further potential and options aplenty, this is a must view for any serious property investor or those looking to live and work in this super handy locale. Blue-chip property, blue-chip location. Don’t miss the bus on this one.

Tender closes 3pm 28th July 2020 at Tommy’s Real Estate, 209 Victoria Street, Te Aro, Wellington (no offers prior)