123 Glenmore Street, found in a prized position just up from the Wellington Botanical Gardens and with an elevated west facing outlook for exceptional hours of sun. The property offers a wealth of opportunity to explore; either start or add to your investment portfolio, remodel completely and/or look to unlock further potential value by creating an additional dwelling(s) upon the property’s car garage location.
Currently configured as three separate Healthy Homes compliant residential tenancies. Each on their own floor that have always been kept well maintained to ensure peace of mind while providing quality housing for reliable tenants.
123A found on the uppermost floor, comprising a large open plan one bedroom studio loft with own bathroom, kitchen and private deck space.
123B five bedrooms found within the middle floor with large, open plan living and kitchen area that opens up to a private courtyard and wrap-around west-facing deck space.
123C two bedrooms with large, open plan kitchen and living area plus access to west-facing terrace space.
Previously rented for $2,480 per week in 2024. Now in a ‘soft rental’ market, and including rental income received from the car garage, total current weekly rental received is $2,225 per week (residential tenancies fixed until early 2027 while the car garage is under a periodic rental arrangement).
Improvements over the years include:
-2025 replacement of external stair treads to 123B
-2024 interior repaint and re-carpet of 123A and 123C and hallway of 123B
-2020 new bathroom & kitchen insitu plus 5th bedroom added to 123B
-2015 retaining wall and drainage at rear of property (Code of Compliance Certificate issued)
-2010 loft conversion for 123A (code of Compliance Certificate issued)
-1999 substantial works undertaken including the property being completely rewired, replumbed and partially re-piled
For sale by way of Deadline Sale closing at 2:00 pm on Wednesday the 4th of March 2026 (if not sold prior).
To receive the property information pack (including Builders’ and LIM Report) please make contact with the agent.
