Renovate? Detonate? Develop?

AUCTION: Friday 16th February 2024 at 12:00pm, Harcourts Wellington City Office (unless sold prior)

Unlock the potential of this art deco property in its prime position boasting an elevated, north-facing sunny site with attractive outlook towards the harbour. Over the years, numerous prospective buyers have sought to acquire this property, recognising its uptapped possibilities. Now, the wait is over! This property is finally on the market, the first time in more than 70 years, presenting a rare opportunity for those with vision and aren't afraid of a major project.
Despite its present uninhabitable state, there's potential every which way you look at this property.
Consider the following avenues for maximising its value:
• Renovate for investment: Transform the 1938 two-storey house into a lucrative investment - a two-flat property (4 bedrooms upstairs, 2 downstairs) or home with additional income stream. There's also the big bonus of two separate garages - no road reserve complications here!
• Multi-unit development: Explore the option of demolishing the existing buildings to unlock the full potential of the site for a multi-unit development. New townhouses in this sought-after area will undoubtedly appeal to both owners and renters alike.
• Build your dream home: After demolition, the blank canvas will offer an amazing opportunity to create your dream home.
Northland is always a popular suburb and this property is in a prime location a stone's throw from shops, a short walk to school, transport, and easy stroll to Kelburn village, the university and cable car.
This property will be sold on auction day - unless sold prior - on an "as is, where is" basis, so do your homework and don't let this unparalled opportunity pass you by! Call us now to arrange a viewing or come along to the open home.