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71 Nairn Street

Wellington
7
3
N/A
254sqm
408sqm
71 Nairn Street Wellington
proudly marketed by
Lisa Durrant
Team Wellington Ltd MREINZ
Outstanding Investment / Development Opportunity
This 3-flat property offers what is unquestionably a rare investment and development opportunity in a prime inner-city location with harbour views, all-day sun, flat-drive-on land and the possibility of future development. Consisting of two 3-bedroom flats and one bedsit plus a garage, this property currently returns $1775 (excl garage) - $92,300 per annum. Combine the purchase of this excellent investment with 66 Thompson Street (its neighbour to the rear) to create a sought-after development site, particularly if changes under the Wellington City Council draft spatial plan go ahead. Both properties are offered by Tender individually or together. A combined gross return of $165,100 per annum offers a very attractive holding income for any investor. Only two owners in the past 50 years is an indication of excellent tenure. For an appointment to view, contact the Vendor's agents.
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Location
Upload by David Garratt
Wellington Central/North