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Blue Chip Newtown Investment

Newtown, 161 Riddiford Street

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Listing Number: WL24960
About this listing

SOLD - This listing was sold in September 2018.

TENDER CLOSES: Thursday, 20 September 2018 at 2:00pm, Harcourts Wellington City Office (not selling prior). A fantastic opportunity to secure a proven performer on a high-profile corner site.
- Established long-term commercial tenant
- Fixed term residential tenant
- High traffic/hi-viz corner site
- Stand-alone non-earthquake prone building
Currently generating pre-GST income of over $74,800 per annum with exceptional potential for capital gains. This is a rare chance to buy a high-profile location in the heart of thriving Newtown. Upstairs, the residential flat is returning $480 per week on a fixed term tenancy until Feb 2019. Downstairs is leased to an established popular restaurant and returns $960 per week (+GST).
Viewing of the upstairs flat is available Sundays between 12pm and 12:45pm.
The restaurant is available for viewing by appointment only.
Call for appointments and further information.
LIM and information pack available.
Property Information
  • Land Size: 163 sqm
  • Tenure: Freehold
  • Property Type: Home & income
  • House style: Other
  • Construction: Weatherboard
  • Joinery: Timber
  • Roof: Iron
  • Insulation: Partial Ceiling & Floor
  • Flooring: Timber and Carpet
  • Window coverings: Drapes
  • Kitchen: Standard, Upright stove and Finished in Laminate
  • Main bedroom: Double
  • Bedroom 2: Double
  • Bedroom 3: Double
  • Main bathroom: Separate shower
  • Laundry: In bathroom
  • Views: City, Urban
  • Aspect: South, West, East
  • Outdoor living: Clothes line
  • Water heating: Electric
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to shops, Close to transport, Close to schools

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