Blue Chip Newtown Investment

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.

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Main Property Features

Listing Number: WL24960

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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Harcourts Wellington City

Team Wellington Ltd

Licensed REAA 2008

Level 1, 54-56 Cambridge Terrace
Te Aro
Wellington
Office website or View office details

Property Location