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Listed 3 months ago

ID#579457

Melrose

Wellington South
Gross Rental $176,000 I Tender
13
6
3
420
(4,520.84 sq.ft.)
1,459
(15,704.53 sq.ft.)

INCREDIBLE OPPORTUNITY CLOSE TO CBD

Developers, investors and astute landlords won't believe everything this unique multi-income opportunity offers in a prime location on the cusp of the city. Currently configured as six two & three-bedroom flats, it abounds in sun, space, character and development potential on a huge 1459sqm site that's on the bus route and Newtown's doorstep. The
property also boasts development potential with the concept of a lapsed resource consent for a further five townhouses available.
Features include:

- 420sqm^ picturesque villa conversion with six two & three-bedroom flats for a cash-flow bonanza with a gross rental of $176,000 in a location that's a magnet for professionals
- Fantastic indoor-outdoor living, from multiple decks and verandas to communal grounds that abound in lawn, trees and birdsong
- Leafy, city-fringe location in quiet no-exit street overlooking Wellington Zoo and within a short stroll of the scenic Southern Walkway
- Exceptionally sunny, mega-size corner section with plenty of space to capitalize on the new housing density rules
- On the bus route for easy commuting, complete with bus shelter just across the road, and merely a few minutes' walk from Newtown's shops, cafes and hospitals
- Three-car garaging plus off-street parking for three cars: an amazing asset this close to the CBD

No wonder this incredible opportunity is for sale for the first time in over 30 years. If you have the vision to match its vastness and versatility, don't miss viewing, call us now for an appointment.

Tender closes at 1pm, Thursday 19th September 2024 at 8 Kent Terrace, Wellington (will not be sold prior)

(^Source: Property Guru)

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Agents

Rachel Aislabie

Lowe & Co Realty

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

Rachel is dedicated to her clients, forging strong partnerships with both buyers and sellers to ensure the utmost professionalism and efficiency in every transaction. Boasting a robust background in the world of finance, particularly in lending, investment, and asset management, Rachel offers a distinctive financial perspective that enriches her real estate practice.

Rachel's comprehensive expertise encompasses the entirety of Wellington's real estate landscape, where she collaborates effectively with a diverse clientele, ranging from property speculators to first-time homebuyers. Her approachable demeanor, coupled with an unwavering commitment to achieving top-tier outcomes, provides you with the assurance that you are in capable hands.

With a focus on results and a track record of unparalleled success, Rachel has teamed up with Chris Day to offer an ultimate team for your real estate journey.

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Steve Fejos

Lowe & Co Realty

Licensed Real Estate Agent (REA 2008), Member of the REINZ

Born in Wellington and educated at St Patrick’s College and Victoria University in Wellington Steve entered real estate in August 1993, having come from a background in property management. During the last 23 years, Steve’s Real Estate Career has included:
• Sales Manager for Challenge Realty’s Oriental Bay Office in 1996, during which time he took the office into the top ten in the Challenge Realty Group.
• Owner/Operator of three Challenge Realty Wellington offices in October 1997. During his 7 years at the helm, Steve grew the company from a sales team of twelve to a team of sixty eight sales people with four thousand house sales worth over 1.5 billion dollars!
• Restructuring Ray White Australia’s International Business model to increase their competitiveness with RE/MAX at a time when over 300 sales people, in Queensland alone, had left Ray White to join RE/MAX.
• Director of Operations for RE/MAX New Zealand in 2005, which involved a vast amount of travelling, attending a wide range of leading international industry training seminars in Denver, Chicago and Brisbane.
After more than four hundred flights during his three years in his corporate career, Steve decided to resign and return to what he loves doing most - selling real estate in Wellington. In 2007, Steve took up the position of Salesperson and Branch Sales Manager at Leaders Kilbirnie which he has held for nine years.

Successfully buying and selling real estate is about meeting people's needs, dreams and aspirations – and Lowe & co are a brand that exemplifies trust, honesty and integrity – attributes that Steve is passionate about!
The market is changing, the marketplace is strengthening, and Steve has been extremely impressed with Harcourts foresight and focus on Auction sales, where multiple buyers can help to achieve a higher sale price for a property. It is also one of the most transparent and preferred form of marketing for buyers.
His extensive experience in real estate spanning local, national and international markets is a huge benefit to his clients. This and his innovative and unique marketing techniques is ‘Setting a New BENCHMARQUE in Wellington Real Estate’.

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This property was photographed by

Grant Down

Media Specialist

Wellington NZ

ID#579457

Melrose

Wellington South
Gross Rental $176,000 I Tender
proudly marketed by
Rachel Aislabie Steve Fejos
Lowe & Co Realty
Steve
0275 621 777
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